Rick Larsen: “I submit the following materials in support of H.R. 2072, the Export-Import Bank Reauthorization Act, as amended.…”

“I submit the following materials in support of H.R. 2072, the Export-Import Bank Reauthorization Act, as amended. Support American Jobs: Pass H.R. 2072 the Export-Import Reauthorization Act Dear Colleague: Tomorrow the House will take up H.R. 2072, the Export-Import Bank Reauthorization Act of 2012, the long term bipartisan reauthorization agreement announced last week. By passing H.R. 2072, Congress will give U.S. business the tools they need to compete in the global market place and create jobs for workers here in the United States. H.R. 2072 reauthorizes the Export-Import Bank (Ex-Im) for three years, giving U.S. businesses the certainty they need, and incrementally increases the exposure limit to $140 billion by fiscal year 2014 in response to the growing demand for Ex-Im financing. The bill includes a number of provisions that will make Ex-Im more effective and accountable. These provisions include funding for technology upgrades and requirements that the Bank submit a business plan to justify the increased exposure, and periodic monitoring and reporting to Congress on the Bank's default rate. The legislation is widely supported by Labor and business groups--such as International Association of Machinists and Aerospace Workers, NAM, Chamber of Commerce and Business Roundtable.…”