Larsen: A Vote for Export-Import Bank Is A Vote For Jobs

Apr 30, 2015 Issues: Jobs and the Economy

WASHINGTON—Rep. Rick Larsen, WA-02, today pressed leaders of the U.S. House of Representatives to allow a vote on a bill to reauthorize the Export-Import Bank.

The Bank is set to expire on June 30. Larsen helped introduce a bill to reauthorize the Bank earlier this year, and today he signed a petition with other House members to force a vote on the bill.

“Helping our businesses sell their products overseas creates jobs here at home. In my district, the Export-Import Bank supports thousands of jobs at companies of all sizes by helping these businesses get their goods into the hands of consumers worldwide,” Larsen said.

“Letting the bank expire would cut off our manufacturers from a critical tool they use to expand their sales to customers around the world so they can grow and create jobs in our communities. We should be doing everything we can to support jobs and a healthy economy to create more opportunity, which is why I am calling for a vote to reauthorize the Export-Import Bank. A vote for the Export-Import Bank is a vote for jobs.”

In Washington’s second Congressional district, the Export-Import Bank has supported more than $70 billion in exports since 2007. These exports have come from 17 companies, including 11 small businesses like Vista Clara Inc.

The Promoting U.S. Jobs Through Exports Act of 2015, H.R. 1031, reauthorizes the bank for 7 years and raises its lending cap by $5 billion every 2 years, to a total of $160 billion.