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Public Statements

Congressman Dold Statement on the Export-Import Bank's Financing for 10th District Small Businesses

Press Release

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Date:
Location: Washington, DC

"I applaud the Export-Import Bank for continuing to help 10th District small businesses export goods and services throughout the world. As part of my Main Street Jobs Agenda, I was proud to help lead the effort to reauthorize the Export-Import Bank because we must help our domestic manufacturers level the competitive global marketplace to increase exports so that jobs can be created right here at home."

Background Information:

The reauthorization of the Export-Import Bank has received broad, bipartisan support in Congress and passed the House in May by a vote of 330-93.

The Bank helps to facilitate private-sector jobs by ensuring that our domestic exporters and their customers have access to credit facilities -- all at no taxpayer expense, with close oversight, and with transparency.

Helping American small businesses access competitive global markets is one of the Export-Import Bank's central objectives. By leveling the playing field with foreign competitors who receive export-credit support from their own governments, the Bank helps our own businesses compete and create meaningful and reliable jobs right here at home.

Small businesses can apply directly to the Bank for assistance.

In April 2012 alone, the Bank provided $1,435,765.68 of financing to small businesses in Illinois' 10th District. Those businesses included Bell Flavors and Fragrances in Northbrook, Damiano and Graham in Glenview, Digital Check Corp. in Northbrook, M. Holland Company in Northbrook, The Penray Companies in Wheeling, Profile Products in Buffalo Grove, Tool King in Wheeling, and U K Abrasives in Northbrook.
Rep. Dold on Job Creation:

As Vice-Chairman of the Financial Services Subcommittee on International Monetary Policy and Trade, Rep. Dold is the lead cosponsor of H.R. 2072, the Securing American Jobs Through Exports Act, and continues to work to secure bipartisan support for this important legislation that funds the Export-Import Bank.

Rep. Dold is an original cosponsor for H.R. 1834, the bipartisan Freedom to Invest Act. This bill encourages businesses to invest here in America, rather than keeping overseas earnings abroad.

Rep. Dold is the first freshman member to pass a bill, HR. 830, the FHA Refinance Program Termination Act. This bill received bipartisan support and would save the taxpayer $8.12 billion by ending an ineffective and wasteful program.

Rep. Dold introduced HR. 1719, the Free Sugar Act, a bipartisan bill that would help to create jobs and lower the cost of sugar for American families.

Rep. Dold has created a Jobs Task Force to find ways to help get Illinois' 10th District back to work.

Rep. Dold has held job fairs in Palatine, Lake Forest, and Waukegan. He will be hosting another job fair in Wheeling on Monday, July 23rd.

Rep. Dold helped to champion the trade agreements with Colombia, Panama, and South Korea in the House, which the President supported and estimated that 250,000 new jobs will be created by their passage.

Rep. Dold supported the extension of the payroll tax holiday and introduced his own legislation, H.R. 2868, the Unemployed Workers Hiring Act of 2011, which would extend the payroll tax holiday for those businesses that hire unemployed workers.

Rep. Dold's Main Street Jobs Agenda incorporates seven ideas to spur the economy and encourage businesses to hire more workers.

"I applaud the Export-Import Bank for continuing to help 10th District small businesses export goods and services throughout the world. As part of my Main Street Jobs Agenda, I was proud to help lead the effort to reauthorize the Export-Import Bank because we must help our domestic manufacturers level the competitive global marketplace to increase exports so that jobs can be created right here at home."

Background Information:

The reauthorization of the Export-Import Bank has received broad, bipartisan support in Congress and passed the House in May by a vote of 330-93.

The Bank helps to facilitate private-sector jobs by ensuring that our domestic exporters and their customers have access to credit facilities -- all at no taxpayer expense, with close oversight, and with transparency.

Helping American small businesses access competitive global markets is one of the Export-Import Bank's central objectives. By leveling the playing field with foreign competitors who receive export-credit support from their own governments, the Bank helps our own businesses compete and create meaningful and reliable jobs right here at home.

Small businesses can apply directly to the Bank for assistance.

In April 2012 alone, the Bank provided $1,435,765.68 of financing to small businesses in Illinois' 10th District. Those businesses included Bell Flavors and Fragrances in Northbrook, Damiano and Graham in Glenview, Digital Check Corp. in Northbrook, M. Holland Company in Northbrook, The Penray Companies in Wheeling, Profile Products in Buffalo Grove, Tool King in Wheeling, and U K Abrasives in Northbrook.
Rep. Dold on Job Creation:

As Vice-Chairman of the Financial Services Subcommittee on International Monetary Policy and Trade, Rep. Dold is the lead cosponsor of H.R. 2072, the Securing American Jobs Through Exports Act, and continues to work to secure bipartisan support for this important legislation that funds the Export-Import Bank.

Rep. Dold is an original cosponsor for H.R. 1834, the bipartisan Freedom to Invest Act. This bill encourages businesses to invest here in America, rather than keeping overseas earnings abroad.

Rep. Dold is the first freshman member to pass a bill, HR. 830, the FHA Refinance Program Termination Act. This bill received bipartisan support and would save the taxpayer $8.12 billion by ending an ineffective and wasteful program.

Rep. Dold introduced HR. 1719, the Free Sugar Act, a bipartisan bill that would help to create jobs and lower the cost of sugar for American families.

Rep. Dold has created a Jobs Task Force to find ways to help get Illinois' 10th District back to work.
Rep. Dold has held job fairs in Palatine, Lake Forest, and Waukegan. He will be hosting another job fair in Wheeling on Monday, July 23rd.

Rep. Dold helped to champion the trade agreements with Colombia, Panama, and South Korea in the House, which the President supported and estimated that 250,000 new jobs will be created by their passage.

Rep. Dold supported the extension of the payroll tax holiday and introduced his own legislation, H.R. 2868, the Unemployed Workers Hiring Act of 2011, which would extend the payroll tax holiday for those businesses that hire unemployed work.

Rep. Dold's Main Street Jobs Agenda incorporates seven ideas to spur the economy and encourage businesses to hire more workers.


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