Gwen Moore Introduces Export-Import Bank Reauthorization with Reps. Waters, Heck, Hoyer
Washington, DC,
February 25, 2015
This week, my colleagues Congresswoman Maxine Waters (D-CA) Congressman Denny Heck (D-WA), Democratic Whip Steny Hoyer (D-MD), and I introduced legislation to reauthorize the Export-Import Bank before its charter expires on June 30. For 70 years, the Export-Import Bank has aided U.S. businesses to access foreign markets and ensured that American exports remain competitive. Our legislation would further bolster the bank's ability to support American businesses in an increasingly crowded global market. H.R. 1031 is widely supported by my fellow Democrats in the House, with a growing total of more than 160 cosponsors.
WASHINGTON, D.C. – Following the introduction of H.R. 1031, the “Promoting U.S. Jobs Through Exports Act,” Congresswoman Gwen Moore (WI-04), Ranking Member on the House Financial Services Subcommittee on Monetary Policy and Trade, released the following statement: “This week, my colleagues Congresswoman Maxine Waters (D-CA) Congressman Denny Heck (D-WA), Democratic Whip Steny Hoyer (D-MD), and I introduced legislation to reauthorize the Export-Import Bank before its charter expires on June 30. For 70 years, the Export-Import Bank has aided U.S. businesses to access foreign markets and ensured that American exports remain competitive. Our legislation would further bolster the bank’s ability to support American businesses in an increasingly crowded global market. H.R. 1031 is widely supported by my fellow Democrats in the House, with a growing total of more than 160 cosponsors. “The Promoting U.S. Jobs Through Exports Act would renew the Export-Import Bank’s charter for another seven years, ensuring certainty for U.S. exporters and businesses through 2022. The bill would also expand the bank’s lending authority and increase the amount of business the bank does with small- and medium-sized companies. In addition, safeguards will be established to protect taxpayer money from fraud or overly risky investments. “Failure to reauthorize the Export-Import Bank would be a crippling blow to our country’s economy. American businesses of all sizes depend on this essential financial institution for the vital financing they need to stay competitive in the international marketplace. As our economy continues to rebound, it is imperative that we do everything in our power to continue supporting sensible policies that foster domestic job growth and promote export opportunities for our local businesses. Reauthorizing the Export-Import Bank is the key.” ### |
