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.