Politics Win Over Jobs

Inaction on Ex-Im Bank Is “Appalling and Nonsense”

Washington, D.C., September 28, 2016 – National Association of Manufacturers President and CEO Jay Timmons issued the following statement in response to Congress’ failure to include language in the Continuing Resolution that would restore the U.S. Export-Import (Ex-Im) Bank to full functionality:

“It is unbelievable that Congress has passed up yet another opportunity to make the Ex-Im Bank fully functional again. Despite the bipartisan support that the bank has in both chambers, politics continue to win the day over creating jobs here at home.

At a time when we continue to see lackluster growth in our economy and our foreign competitors making investments that support their companies, this inaction is appalling and nonsense. Why would we give up any chance to secure more good-paying jobs here in America?

While this is yet another setback for manufacturers, we won’t abandon the effort to ensure the Ex-Im Bank can support our nation’s job creators. Congress needs to make this right and restore Ex-Im’s ability to function as soon as possible.”

-NAM-


The National Association of Manufacturers (NAM) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12 million men and women, contributes $2.17 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.

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