Reauthorize the Export-Import Bank

Floor Speech

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Mr. BRENDAN F. BOYLE of Pennsylvania. Mr. Speaker, this is one of the things that is actually very difficult to explain to my constituents and to most people who don't follow the ins and outs of Washington.

I was at a plant in my district in northeast Philadelphia just 2 days ago, along with Senator Casey. This company, Agusta Westland, does excellent work and employs Americans right there in Philadelphia and in Pennsylvania. It benefits from something called the Export-Import Bank, something that has existed for 81 years and has been supported by every single President, both Democrat and Republican.

It is a program that supports 164,000 jobs a year, and just last year, created a $675 million surplus for the taxpayers. So we have a program that helps business, creates jobs, and actually gives to taxpayers rather than taking from them. So, of course, Congress is about to allow this program to expire. It makes absolutely no sense.

It is time for the leadership of this House to listen to the will of the vast majority and not the very vocal extreme minority. Let us reauthorize the Export-Import Bank.

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