Rep. Maloney Statement On Agreement To Reauthorize Export-Import Bank

May 9, 2012
Press Release

Washington, DC – Congresswoman Carolyn B. Maloney (D-NY), a senior Member of the House Financial Services Committee, delivered the following statement on the floor of Congress regarding today’s passage of H.R. 2072, the Export-Import Bank Reauthorization Act of 2012.

“I would like to commend my colleagues on both sides of the aisle for coming together to get this bill to the floor today with a three year reauthorization and an increase in the Ex-Im bank’s exposure cap.

“The Ex-Im bank has provided $32.7 billion in export sales and supports 290,000 jobs across the country. All at no expense to the American taxpayer.

“And the Ex-Im bank is critical to my district in New York.

“The bank has financed $1.7 billion in export sales in my district alone and $4.4 billion in the state of NY over the last 5 years.

“And the bank supports 128 firms in my district either directly or indirectly. These are jobs for my constituents, and it is critically important that we reauthorize this bank before its charter expires at the end of the month.

“Some important changes have been made to the bill over the last few weeks that will strengthen taxpayer protection provisions and which will enhance transparency at the bank. So I commend my colleagues and I urge support for this bill.”