On the recordMay 10, 2012
I rise today to speak on the motion to proceed to the passage of the Export-Import Bank, legislation that has come over from the House and passed the House with a vote of 330 to 93, a pretty resounding vote in favor of moving forward on the Export- Import Bank, which is a major tool to financing manufacturing in the United States when they have products to be sold around the globe. We hear the President talk all the time about the fact that we need to increase our exports. This is a very important tool that has existed for decades in helping businesses across our country produce product and get sales into overseas markets, so the fact this legislation passed the House again with an overwhelmingly positive vote--and, I should point out to my colleagues here in the Senate, without amendment. It was not amended on the floor. That is, my colleagues on the House side, both Republicans and Democrats, worked out such a positive proposal that it went to the House floor without amendment. Now we have the chance to bring it up here and pass this legislation, and I urge my colleagues to do so very quickly because this legislation and this authorization for the Export-Import Bank is expiring at the end of this month. So, yes, here we are again at the eleventh hour. Instead of giving predictability and certainty to a very important program, we are down to the last minutes about whether it is going to continue to operate in the normal way that it does.…





