On the recordJuly 9, 2014
I appreciate the comments made by the Senator from Connecticut, and I come to the floor to talk about a very important issue, U.S. manufacturing jobs and what the Senate needs to do to make sure we are protecting U.S. manufacturing jobs. I am speaking of the need to reauthorize the Export-Import Bank, a credit agency that helps U.S. manufacturers and small businesses sell their products to overseas markets. Some of you may have read recently comments by some of our colleagues where they have shifted their position. The agency is set to expire on September 30 of this year, and it is so critical that we reauthorize this program because it is such an important tool for U.S. manufacturers. Over the last few weeks, fringe organizations and activists have suddenly tried to turn this into a political casualty, saying we should kill the program, and I am here to advocate that it is a win-win situation for American manufacturers, for American taxpayers, and for the jobs it creates. That is because the Export-Import Bank supports about 1.2 million jobs, it returned $1 billion to the U.S. Treasury last year alone, and it supports between 35,000 suppliers of manufactured parts, and that was just in the year 2011. As this chart shows, the Export-Import Bank helps us generate export sales and supports 1.2 million jobs. That is between 2009 and 2013.…





