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Export - Import Bank Reauthorization Act of 2012

Floor Speech

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Date:
Location: Washington, DC

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Mr. NEAL. I thank the gentlelady.

Mr. Speaker, I rise in support of this bill in that it reauthorizes the Export-Import Bank for 3 years. It ends uncertainty for business and provides the resources necessary to keep American manufacturers competitive in the global market--$32 billion in financing to thousands of companies, which supports 290,000 jobs.

In Massachusetts, the Ex-Im Bank works with InteliCoat Technologies, a manufacturer of coated paper in South Hadley, that employs 100 people. It also has an important role with Wyman-Gordon, a manufacturer in the aerospace industry located in North Grafton, Massachusetts, with almost 600 employees.

This is critical support that is offered for American employers who seek to level the playing field against global competitors. It's supported broadly by labor and business, and I urge all of us to support H.R. 2072.

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