*GOP’s Export-Import Bank Shutdown

GOP divisions are on full display again this week, as Republican leaders continue to prevent the House from working its will on the Export-Import Bank – even though a clear majority of Members support reopening the Bank. We hope Speaker Boehner and Majority Leader McCarthy will heed the advice of their colleague Rep. Fincher:

The refusal of House Republican leaders to allow a vote on legislation to reopen the Export-Import Bank is harming U.S. businesses and will cost hardworking Americans their jobs.  Here's an update of the latest impacts of the GOP's shutdown of the Bank:   

WSJ: Shutdown of U.S. Ex-Im Bank Puts Companies in a Financing Bind

I know [Majority Leader McCarthy] doesn't want us to lose jobs. I know he's quoted as saying that the people's voice ought to be heard. 

We wanted to be sure you saw today’s Op-Ed in The Hill by Dave Cote, chairman and CEO of Honeywell International Inc., calling on Republicans to engage in “true leadership” and end their ideological attacks against the Export-Import Bank that are putting “American companies at a competitive disadvantage and prospects for growth and jobs at risk.”

Uncertainty over the Bank’s future has already lead businesses to announce jobs being moved overseas. 

What happens when Republicans shut down the Export-Import Bank and cut off financing assistance to U.S. companies? Those companies will look for that assistance elsewhere. After announcing the loss of 500 U.S. jobs just last week, General Electric announced today that it has reached an agreement with Britain’s export credit agency on a deal that could create up to 1,000 jobs… in Britain.

Take a look at what Republicans’ shutdown of the Bank means for U.S. companies in the Northeast and their ability to create jobs, sell their products, and compete in the global marketplace:

WASHINGTON, DC – House Democratic Whip Steny H.