Reauthorize the Ex-Im Bank Now

By Congressman Donald M. Payne, Jr.

Once again we’re seeing a dangerous dose of demagoguery from Republican leadership, who continue to threaten the elimination of the Export-Import Bank.

The Ex-Im Bank ensures that American companies of all sizes have access to financing for the export of American goods, from electronics to medical equipment, from smart-phone cases to soap.

These exports contribute to the strength of our economy and support millions of American jobs.

In fact, since 2009, the Bank has supported 1.3 million private-sector jobs.

Republican threats to eliminate the Bank are threats to American workers, manufacturers, and our economy.

Last year, New Jersey exported $36.8 billion in merchandise. Failure to reauthorize the Ex-Im Bank would put billions of dollars in New Jersey exports at risk.

The Ex-Im Bank’s charter expires in just 4 legislative days.

Let’s reauthorize the Ex-Im Bank now.