November 12, 2019 - Issue: Vol. 165, No. 180 — Daily Edition116th Congress (2019 - 2020) - 1st Session

[Page H8745]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         EX-IM REAUTHORIZATION

  (Mr. LARSEN of Washington asked and was given permission to address 
the House for 1 minute.)
  Mr. LARSEN of Washington. Mr. Speaker, today I rise to express my 
support for H.R. 4863, the United States Export Finance Agency Act, 
which reauthorizes the Ex-Im Bank's charter for 10 years. The Ex-Im 
Bank is a proven job-creating success story.
  For years, I have met with small- and medium-sized manufacturers in 
northwest Washington State who rely on the Ex-Im Bank to compete in the 
global marketplace. Since 2014, companies, suppliers, and other 
manufacturers in my district who rely on the Ex-Im Bank have generated 
nearly $24 billion in total export value.
  Vista Clara Inc. in Mukilteo is a small, veteran-owned business which 
used Ex-Im funds to develop and manufacture advanced nuclear magnetic 
resonance, NMR, geophysical instruments for groundwater, environmental, 
and energy resources investigations.
  The Ex-Im Bank levels the international playing field for U.S. 
exporters and workers, enabling them to respond to foreign competition 
when it is backed by export credit agency support. It also supports 
large manufacturers like Boeing, America's largest exporter.
  I represent nearly 18,000 current employees at Boeing's Everett 
plant, which depends upon the Ex-Im Bank to support millions of dollars 
in total insured shipments, guaranteed credit, or disbursed loans.
  The U.S. can be an attractive alternative to China by employing a 
strategic approach combining development assistance, ensuring 
protections for the environment and worker rights, and supporting good 
governance and the rule of law.
  Mr. Speaker, I look forward to voting for H.R. 4863 this week to 
provide much-needed certainty for the Nation's manufacturers, and I 
urge my colleagues' support.

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