*GOP’s Export-Import Bank Shutdown

I rise in opposition to this rule. I rise in opposition because it would make in order several amendments that undermine the will of the majority of both parties in this House that the Export-Import Bank should be reopened immediately.

ICYMI: The National Association of Manufacturers released a “Key Vote” letter urging Members to oppose Ex-Im Bank related amendments to the highway bill. The letter states:

ICYMI: The Chamber of Commerce released a “Key Vote Alert” letter urging Members to oppose Ex-Im Bank related amendments to the highway bill. Key excerpt:

“The Chamber opposes any amendments related to the Bank because such amendments would only detract from, or run counter to, the goal of reauthorizing the Bank.”

As a result of our strongly unified effort, House Democrats earned a major victory for American businesses and workers last week by discharging and passing the Export-Import Bank reauthorization bill (H.R. 597) with a bipartisan vote of 313-118. 

WASHINGTON, DC – House Democratic Whip Steny H. Hoyer (MD) joined Financial Services Committee Ranking Member Maxine Waters (CA), Monetary Policy and Trade Subcommittee Ranking Member Gwen Moore (WI), and Congressman Denny Heck (WA) at a press conference this evening following House passage of a bill to reopen the Export-Import Bank. Below is a transcript of his remarks:

This evening, 313 Members of the House - virtually every Democrat and a majority of Republicans - joined together in a vote to reopen the Export-Import Bank and help American exporters create good jobs here in our country. 

The American public ought to know that 147 Republicans voted to reauthorize the Export-Import Bank just a few years ago under the leadership of [former Majority Leader] Mr. Cantor and myself. 

Since July, businesses and workers have been asking Congress to reopen the Export-Import Bank so that they could compete on a level playing field in overseas markets.