Larsen Cosponsors Ex-Im Bank Reauthorization

Jun 24, 2014 Issues: Jobs Labor and the Economy

WASHINGTON—Rep. Rick Larsen, WA-02, today cosponsored a bill to reauthorize the Export-Import Bank, continuing his leadership to make sure companies have access to critical financing through the bank to sell their goods overseas.

The Protect American Jobs and Exports Act of 2014 reauthorizes the bank for 7 years and raises its lending cap by $5 billion each year, to a total of $175 billion. The bank’s charter is set to expire on September 30, 2014.

“This bill will help keep America open for business and I am pleased to work again to ensure our manufacturers have access to the financing they need to get their goods to market abroad,” Larsen said.

Larsen voiced his support to take action on a bill to reauthorize the Export-Import bank earlier today.

Rep. Denny Heck, WA-10, introduced the reauthorization bill.