Export-Import Bank

Floor Speech

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Mr. PAYNE. Mr. Speaker, once again, we are seeing a dose of demagoguery from the Republican leadership, who continue to threaten the elimination of the Export-Import Bank.

The Ex-Im Bank ensures that American companies of all sizes have access to financing for the export of American goods, from electronics, to medical equipment, to smartphones and cases of soap. These exports contribute to the strength of the economy and support millions of American jobs. In fact, since 2009, the bank has supported 1.3 million private sector jobs.

Republican threats to eliminate the bank are threats to American workers, manufacturers, and our economy. Last year, New Jersey exported $36.8 billion in merchandise. Failure to reauthorize the Ex-Im Bank would put billions of dollars in New Jersey exports at risk.

I urge my colleagues to reauthorize the Ex-Im Bank.

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