U.S. Rep Gregory W. Meeks Applauds Passage of Export-Import Bank Reauthorization

U.S. Rep Gregory W. Meeks Applauds Passage of Export-Import Bank Reauthorization

WASHINGTON, D.C. - Congressman Gregory W. Meeks released the following statement today after the House voted 313-118 to reauthorize the Export-Import Bank:

"I am pleased that the House of Representatives passed the reauthorization of the Export-Import Bank in a bipartisan manner and restored certainty to American workers and businesses trying to compete overseas. The Ex-Im Bank plays a vital role in stimulating exports from American companies and those exports, in turn, provided 164,000 export-related American jobs last year alone. It has created or sustained 1.5 million private sector jobs since 2007. In it’s 81 year history, the Ex-Im Bank has been reauthorized 16 times with overwhelming bipartisan and bicameral majorities. Simply put, Ex-Im Bank provides critical financing that allows American companies to fairly compete with foreign firms who receive substantial state-sponsored assistance. Without this funding, American businesses - small, medium, and large will be at a significant disadvantage which will harm economic growth.

"I am relieved that my colleagues on the other side of the aisle were able to put partisan tactics aside and join Democrats to do what is best for American businesses and our country. In the end, it is always compromise and pragmatism that are the hallmarks of Congressional responsibility."

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