Rick Larsen: “Today I rise to express my support for H.R. 4863, the United States Export Finance Agency Act, which reauthorizes the…”

“Today I rise to express my support for H.R. 4863, the United States Export Finance Agency Act, which reauthorizes the Ex-Im Bank's charter for 10 years. The Ex-Im Bank is a proven job-creating success story. For years, I have met with small- and medium-sized manufacturers in northwest Washington State who rely on the Ex-Im Bank to compete in the global marketplace. Since 2014, companies, suppliers, and other manufacturers in my district who rely on the Ex-Im Bank have generated nearly $24 billion in total export value. Vista Clara Inc. in Mukilteo is a small, veteran-owned business which used Ex-Im funds to develop and manufacture advanced nuclear magnetic resonance, NMR, geophysical instruments for groundwater, environmental, and energy resources investigations. The Ex-Im Bank levels the international playing field for U.S. exporters and workers, enabling them to respond to foreign competition when it is backed by export credit agency support. It also supports large manufacturers like Boeing, America's largest exporter. I represent nearly 18,000 current employees at Boeing's Everett plant, which depends upon the Ex-Im Bank to support millions of dollars in total insured shipments, guaranteed credit, or disbursed loans. The U.S. can be an attractive alternative to China by employing a strategic approach combining development assistance, ensuring protections for the environment and worker rights, and supporting good governance and the rule of law. Mr.…”