U.S. Senator Debbie Stabenow, a member of the President's Export Council under both Presidents Bush and Obama, today issued the following statement on President Obama signing legislation to reauthorize the Export-Import Bank of the United States through 2014,
"More Michigan exports mean more Michigan jobs," said Senator Stabenow. "This new law will let the Export-Import Bank continue to help Michigan businesses sell their products to more customers in other countries. The opening of the new export center in Detroit this year will help Michigan small businesses reach new markets, which is absolutely one of the best ways to strengthen our economy. "
The legislation received strong bipartisan support, passing the Senate with a vote of 78-20 and the House by a vote of 330-93.
The Export-Import Bank of the United States is an independent federal agency that helps small businesses gain better access to the private export financing they need to sell their products. The bank helps support nearly 300,000 American jobs and operates at no cost to American taxpayers. For more information, visit www.exim.gov.