*GOP’s Export-Import Bank Shutdown

Mr. Speaker, the will of the Majority is being thwarted in this House – the People's House.  

Following General Electric’s announcement that it will be moving 500 U.S. jobs overseas thanks to Republicans’ ideological shutdown of the Export-Import Bank, business groups across the country are calling on Republicans to reopen the Export-Import Bank before it costs more U.S. jobs and harms our economy:

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

We write to request that House and Senate Republicans work with Democrats to send legislation to the President’s desk this month to reopen the Export-Import Bank.

Today, General Electric Co. announced that it will send approximately 500 American jobs overseas, following Republicans’ decision to shut down the Export-Import Bank earlier this summer.

Today, the U.S. Chamber of Commerce published a new “Above the Fold” post highlighting the devastating impact Republicans’ decision to shut down the Export-Import Bank is having on American businesses’ ability to create jobs and compete in the global marketplace.

They note:

General Electric Co. says Republicans in Congress “left us no choice” but to move 500 American jobs overseas. Their decision was prompted by Republicans’ shutdown of the Export-Import Bank earlier this summer. How many U.S. jobs have to be lost before the self-described “party of jobs” stops threatening our economic competiveness and reopens the Bank?

We wanted to make sure you saw the latest push from business community leaders urging Republicans in Congress to acknowledge the Export-Import Bank’s proven economic benefits and to reopen it immediately. From The Hill:

“A top business group on Monday urged congressional lawmakers to pass a multi-year bill reviving the Export-Import Bank.”