On the recordJuly 24, 2014
I have got a deal for you: Let's create American jobs, let's help American businesses find customers abroad, and let's do it at no cost to the American taxpayer. I rise to speak about exactly the point Chairwoman Cantwell just spoke about, the chairwoman of our Small Business Committee, the importance of the Export-Import Bank, which expires on September 30 of this year. The Senate and House need to act to continue the job so we can continue the bank, so we can create hundreds of thousands of jobs, so we can help American businesses find customers abroad, and do it at no cost to the American taxpayer. Chairwoman Cantwell did a good job of explaining the bank and what it does. I will just spend a few minutes on that. It is an independent, self-sustaining Federal governmental agency. It is one of the most important tools that U.S. companies have to boost exports to all the countries and all the customers abroad who want high-quality products produced in the United States. The bank assumes country and credit risks that other private sector lenders are unwilling or unable to do, at a reasonable cost. It helps level the playing field for U.S. businesses because so many of our global competitors have banks just like this that loan even more or support even more loans than we do. So this is about leveling the playing field for American businesses.…





