Reauthorize the Export-Import Bank

Floor Speech

Mr. Speaker, House Republican leadership is, once again, threatening to bring us to the edge of yet another deadline that threatens American jobs and our very economy.

There are just 7 days left for Congress to reauthorize the Export-Import Bank, a critical agency that gives American manufacturers and small businesses the tools and access to capital that they need to sell American-made goods overseas. It is how we grow our economy. Letting the Export-Import Bank expire endangers hundreds of thousands of good-paying jobs in the United States.

In my home State of Michigan alone, 228 exporters with $11 billion in export value are at risk if Congress fails to reauthorize the Ex-Im Bank. That will all end on June 30--no new support, no new loan guarantees, no new loans to help exporters sell goods across the country and keep Americans at work.

It is reckless and it is irresponsible that we are facing another fiscal cliff. This is a cliff for our own manufacturers and our own economy.

Mr. Speaker, a majority of this House of Representatives supports the Export-Import Bank. Let's vote this week to reauthorize the Export-Import Bank.

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