On the recordOctober 28, 2015
I would like to thank my colleagues for coming to the Senate floor this morning to give an important message to our colleagues--that it is now time to take up the Export-Import Bank issue and pass that legislation today. I thank my colleague from North Dakota, who has had this legislation in the Senate and has worked hard on the banking committee to make sure this legislation is moving forward and has been there at every step in the process. Being from a State that knows exports matter, she knows that having a finance regime that allows banks to take advantage of the fact that they need credit insurance has been a good thing for the American economy. It has helped us grow jobs in the United States, as we are selling exports to overseas markets. So she has been a stalwart. My colleague from New Hampshire who just left the floor, Senator Shaheen--I have visited her State and facilities and manufacturers involved in aerospace and other types of manufacturing that are trying to win in the international marketplace with their products by selling them overseas. When we cancel a program that actually helps us pay down the deficit--those individuals who get financing through a bank and a credit agency like the Export-Import Bank actually have to pay a fee. That has actually helped us reduce the deficit. It is money paid every year, and it helps us reduce the deficit. My colleague Senator Shaheen has been a great advocate for reauthorization of the Export-Import Bank.…





