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Sinema Supports Legislation to Reauthorize Export-Import Bank

Date: Oct. 27, 2015
Location: Washington, DC
Issues: Finance and Banking Trade

Today, Congresswoman Kyrsten Sinema joined a bipartisan majority of her colleagues to pass legislation reauthorizing the Export-Import Bank until September 30, 2019. The Export-Import Bank helps Arizona businesses expand their manufacturing capacity and exporting ability, which in turn creates jobs and grows our economy. The charter for the Export-Import Bank expired on June 30, 2015.

"The Export-Import Bank helps create jobs and grow Arizona's economy," said Congresswoman Sinema. "The Export-Import Bank supports Arizona businesses, like ServerLIFT of Phoenix and MarTek Inc. of Tempe, as they increase their global exports and hire more employees. Reauthorizing the Export-Import Bank is a bipartisan solution to keep Arizona businesses competitive and thriving."

From 2007 to 2015, the Export-Import Bank supported $1 billion in exports from companies in Arizona and $213 million in exports from companies in Arizona's 9th District. In 2014, the Export-Import Bank transferred more than $1 billion into the U.S. Treasury.


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