IN SUPPORT OF REAUTHORIZING THE EXPORT-IMPORT BANK
(Extensions of Remarks - June 11, 2015)

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[Congressional Record Volume 161, Number 93 (Thursday, June 11, 2015)]
[Extensions of Remarks]
[Page E880]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




           IN SUPPORT OF REAUTHORIZING THE EXPORT-IMPORT BANK

                                 ______
                                 

                            HON. GENE GREEN

                                of texas

                    in the house of representatives

                        Thursday, June 11, 2015

  Mr. GENE GREEN of Texas. Mr. Speaker, I rise today to call for the 
House to bring H.R. 1031, the Promoting U.S. Jobs Through Exports Act 
for an immediate vote. This critical legislation would reauthorize the 
Export-Import Bank of the United States, our nation's official export 
credit agency for the next seven years.
  Currently, the Ex-Im Bank's charter will expire at the end of this 
month if immediate action is not taken. If Congress fails to do its 
job, hundreds of thousands of American jobs, including over 10,000 jobs 
in my district in Houston and Harris County, Texas may be lost to 
China, Japan, and other foreign competitors if we force Ex-Im to close 
its doors.
  The Export-Import Bank, created 80 years ago during the depths of the 
Great Depression, has been authorized 16 times by Congress with 
overwhelming bipartisan majorities and has broad support from industry 
and labor for the very simple fact that it works.
  In the past six years, Ex-Im has supported more than 1.3 million jobs 
and has returned over $2 billion in deficit-reducing profits to the 
U.S. Treasury while providing over $27 billion in export credit last 
year alone.
  Mr. Speaker, at a time when foreign competition is becoming more 
fierce than ever before, with nations like China using any means 
necessary to win contracts in overseas markets, Congress must do 
everything in its power to support American small businesses and 
working families, including the immediate, long-term reauthorization of 
the Export-Import Bank.

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