Kirk applauds House passage of Export-Import Bank reauthorization bill
U.S. Sen. Mark Kirk (R-IL) released a statement after the House passed the Export-Import Bank Reform and Reauthorization Act on Tuesday. Kirk introduced the bill with fellow Sen. Heidi Heitkamp (D-ND).
The senators' bill passed in the Senate in July as an amendment to the DRIVE Act. The bill was sent to the House and reached the floor through a discharge petition filed by U.S. Rep. Stephen Fincher (R-TN). The bill extends the Export-Import Bank's charter to 2019.
“American manufacturers can be confident that the Export-Import Bank has a clear supermajority in the Senate and now the House," Kirk said. "This vote is a great indicator of support but is not the final hurdle in keeping American jobs in America.”
Several influential Illinois companies are supported by Ex-Im, including Boeing, CNH Industrial America and Caterpillar. The agency also assists many small businesses throughout Illinois. With no cost to taxpayers, Ex-Im has returned $2.5 billion to the U.S. Treasury over the past three years. After reviewing its terms, the Congressional Budget Office has estimated that the Kirk-Heitkamp bill would save taxpayers up to $2.3 billion overall when fully implemented.
The senators' bill passed in the Senate in July as an amendment to the DRIVE Act. The bill was sent to the House and reached the floor through a discharge petition filed by U.S. Rep. Stephen Fincher (R-TN). The bill extends the Export-Import Bank's charter to 2019.
“American manufacturers can be confident that the Export-Import Bank has a clear supermajority in the Senate and now the House," Kirk said. "This vote is a great indicator of support but is not the final hurdle in keeping American jobs in America.”
Several influential Illinois companies are supported by Ex-Im, including Boeing, CNH Industrial America and Caterpillar. The agency also assists many small businesses throughout Illinois. With no cost to taxpayers, Ex-Im has returned $2.5 billion to the U.S. Treasury over the past three years. After reviewing its terms, the Congressional Budget Office has estimated that the Kirk-Heitkamp bill would save taxpayers up to $2.3 billion overall when fully implemented.