Congressman Adam Smith released the following statement supporting reauthorizing the Export-Import Bank:
October 27, 2015
“The reasons to reauthorize the Export-Import Bank’s charter grow each day. In 2014, the Ex-Im Bank supported 2,400 jobs and $28,586,427 in exports to minority and women owned businesses in the 9th Congressional District of Washington state.
Throughout my time in Congress, I have been a strong supporter of the Ex-Im Bank. I am a cosponsor of the bill introduced by Congresswoman Waters, the Promoting U.S. Jobs through Exports Act of 2015, which would extend the bank’s authorization through 2022 and would ensure that American businesses can continue to compete globally. The bill also increases Ex-Im Bank’s financing limit to $160 billion and expands opportunities for small-and medium-sized businesses.
On October 9, 2015, I joined a bipartisan majority of Representatives in the House to sign a discharge petition to bring to the Floor a measure that would reauthorize the Ex-Im Bank. The most recent extension expired on June 30, 2015. Without the necessary re-authorization, many of Washington’s exporters will be unable to match increasing international competition from foreign companies that receive robust support from their own export credit agencies.
Today, I was proud to join my colleagues in the House in supporting the passage of H.R. 597 that reauthorizes the Ex-Im Bank. Extending support to the Ex-Im Bank is critical to maintaining and creating jobs in Washington state and around the country.”