Press Release
For Immediate Release: 
May 4, 2012
Contact Info: 

Katie Grant, 202-225-3130

WASHINGTON, DC – House Democratic Whip Steny H. Hoyer (MD) released the following statement today after House Democrats and Republicans reached an agreement to reauthorize the U.S. Export-Import Bank:

“The agreement reached today to reauthorize the U.S. Export-Import Bank ends the uncertainty so many of our businesses have faced as the deadline for Congress to act approaches.  I am glad that Democrats and Republicans were able to come together to provide the Export-Import Bank with the tools it needs to assist American exporters and help them compete in the global marketplace. 

“Reauthorizing the Export-Import Bank is an important component of House Democrats’ Make It In America plan for creating jobs and boosting our economic competitiveness, which does so by investing in a strong manufacturing sector that builds and exports products around the world.  Other nations are aggressively supporting their businesses’ exports, making it more important than ever that U.S. manufacturers can secure the financing they need to make certain their products can compete in foreign markets.  This will contribute to our economic recovery and lead to the hiring of more workers for middle-class jobs here at home.  I hope this measure will be approved in the House and Senate as soon as possible.”