Clyburn Statement ON Export-Import Bank Legislation

May 9, 2012 Issues: Appropriations, Economy and Jobs

WASHINGTON, DC—Assistant Democratic Leader James E. Clyburn today released the following statementon legislation passed by the U.S. House today on a 330-93 vote to reauthorize the Export-Import Bank:

“I rise in strong support of H.R. 2072, the Securing American Jobs Through Exports Act of 2012, which reauthorizes the Export-Import (Ex Im) Bank for three years.  Last year, the Export-Import Bank supported nearly 300,000 American jobs.  300,000 American jobs.  This reauthorization is a no brainer. 

“The Export-Import Bank provided $32 billion in financing last year – all at no cost to the taxpayer.  More than 80 percent of those transactions directly supported small businesses in 2011.  The Ex-Im Bank provides support for small business owners who may be less familiar with the global economy, but who want to grow their businesses, create jobs, support their community, and make it in America.

“In my home state of South Carolina, the first Boeing 787 Dreamliner rolled out of the production facility at the Charleston Airport just two weeks ago.  The Export-Import Bank fills an important financing gap for Boeing that helps level the global playing field and encourages foreign companies to buy American-made products like the Dreamliner.  Reauthorizing the Ex-Im Bank will protect jobs in South Carolina and all across the country.”