House Approval of Ex-Im Reauthorization Is a Victory for Manufacturing Jobs
Manufacturers Urge Senate to Reauthorize Ex-Im as Soon as Possible
National Association of Manufacturers (NAM) President and CEO Jay Timmons issued this statement following House passage of H.R. 2072 to reauthorize the Export-Import (Ex-Im) Bank:
“Today the House put jobs first by passing legislation to reauthorize the Ex-Im Bank and increase its lending authority. Manufacturers thank House Majority Leader Cantor and Minority Whip Hoyer for their leadership on this bipartisan bill that gives thousands of small and medium-sized manufacturers the ability to reach new and important markets and supports nearly 290,000 jobs.
The Bank loses its ability to help manufacturers export at the end of this month. Manufacturers call on the Senate to pass this critical legislation as soon as possible. Our competitors are working every day to take our mantle of economic leadership, and the Bank’s reauthorization will give manufacturers the tools necessary to reach the 95 percent of all consumers who live outside of the United States.
The 12 million men and women who work in manufacturing are looking to Washington to help level the playing field so that they can compete. Congress can start by reauthorizing the Ex-Im Bank.”