Washington, D.C. – U.S. Representative Mimi Walters (CA-45) released the following statement after the U.S. House of Representatives passed H.R. 597, To Reauthorize the Export-Import Bank of the United States.
Said Rep. Mimi Walters, “Reauthorization of the Export-Import Bank means more American-made products, which in turn, supports more U.S. jobs. With approximately 95% of the world’s consumers living outside of the United States, exports are more vital than ever in ensuring American competiveness and increased job opportunities at home. In fact, in California, between 2007 and 2014, Ex-Im activities supported more than $23 billion in exports, nearly 1,100 companies and over 149,000 jobs. Furthermore, in my congressional district alone, Ex-Im supported $877 million in exports, nearly 70 companies, and over 5,600 jobs in that same time period. With the majority of developed countries supporting their own economies through export credit agencies, failure to reauthorize the bank would put U.S. businesses at a significant competitive disadvantage with our foreign competitors, who are eager to fail the void left by Ex-Im. I’m hopeful the Senate will pass this legislation that would reform and reauthorize the Ex-Im Bank.”
Walters represents California’s 45th District and sits on the House Transportation and Infrastructure and Judiciary Committees.