New Dems Support Multi-Year Ex-Im Reauthorization

Washington, D.C. – Today, leaders of the New Democrat Coalition, chaired by Rep. Joseph Crowley (NY-7), released the following statement on reauthorization of the Export- Import Bank.

            “Thanks to House Minority Whip Steny Hoyer’s vigilance, we finally reached an agreement for a multi-year reauthorization of the Ex-Im Bank.  While this agreement is not perfect, it will give American businesses much-needed certainty to sell their products abroad and create jobs here at home. The NewDems stand behind the House’s reauthorization, and we encourage our colleagues on both sides of the aisle to support this agreement.”

The current legislation authorizes the Export-Import Bank for another three years and gradually increases the bank’s lending authority over that timeframe to $140 billion. Last year alone, Ex-Im financing helped more than 3,000 companies add almost 300,000 jobs across America.

Statement supported by New Dem Leadership Members, led by Chair Representative Joseph Crowley (NY-7), and Vice-Chairs Representative Jim Himes (CT-4), Representative Ron Kind (WI-3), Representative Rick Larsen (WA-2), and Representative Allyson Schwartz (PA-13).

The New Democrat Coalition is dedicated to maintaining America’s standing as the world’s strongest, most successful nation. Founded in 1997, the New Dems believe firmly in the power of American ingenuity and innovation, and are focused on finding ways to foster and harness this creativity to grow our economy, create new American jobs, and ensure a safer and more secure future for our country.  For more information on the 42 member Coalition, visit the New Dems website at http://ndc.crowley.house.gov

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