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Business Organizations & House Republicans to Speaker Boehner: Quit Providing Uncertainty to U.S. Exports

June 23, 2014
Blog Post

Speaker Boehner, Leader McCarthy, and the House Republican Conference are feeling the pressure to renew the Export-Import Bank's charter.  Forty-two House Republicans and businesses across the United States urged Speaker Boehner and the House leadership to drop their games and get serious about protecting our nation's exports and economy.

Letter from 41 House Republicans:

We believe that Congress should move forward with a multi-year reauthorization of Ex-Im that provides certainty and stability for U.S. manufacturers and exporters of all sizes…we respectfully request that you work with all stakeholders to expedite consideration of Ex-Im reauthorization to ensure job creators in our districts have the certainty they need to compete in the global marketplace.

…We are glad to see the U.S. government is engaged in on-going efforts to address trade finance issues on both a bilateral and multilateral basis, and we hope those efforts will intensify. However, failure to reauthorize Ex-Im would amount to unilateral disarmament in the face of other nations' aggressive efforts to help their exporters.

Given our nation's fragile economic recovery, we must continue to promote U.S. exports and create American jobs and not disadvantage U.S. manufacturers in a competitive global marketplace.

Letter Signed by 865 Business Organizations:

Failure to reauthorize Ex-Im would amount to unilateral disarmament in the face of othergovernments' far more aggressive export credit programs…

If Ex-Im is not reauthorized…American companies would be put at a unique disadvantage in global markets, resulting immediately in lost sales and lost jobs. U.S. businesses of all sizes would be deprived of a vital financing source at a time when boosting exports is increasingly vital to growing our nation's economy and jobs.

We urge you to support Ex-Im's swift reauthorization.

Enough with the partisan gimmicks and Tea Party pandering.  Now is not the time to create uncertainty to our nation's economy.