Take Action Now: Ex-Im Bank Vote on Monday
The House is expected to vote on reauthorization of the Export-Import Bank next Monday, October.26, and we need your help to secure enough votes to pass the bill. Please click the “Take Action Now” button below and urge your member of Congress to VOTE and pass the bipartisan Fincher legislation on the Export-Import Bank.
Please also share this communication with your members, stakeholders, and employees.
You may already know the Florida Chamber supports the long-term reauthorization of the Ex-Im (Export-Import) Bank, which has helped more than 600 Florida companies export goods around the globe over the past five years.
U.S. House members gathered enough signatures today to force a floor vote to revive the Export-Import Bank. The House vote to officially reauthorize the bank’s charter will likely take place on October 26, 2015.
It’s been more than 100 days since Congress allowed the Export-Import (Ex-Im) Bank to expire.
Did You Know?
Since 2007 in Florida, Ex-Im has supported:
- $8.17 billion in export sales
- 872 companies
- 52,230 jobs
Please click the “Take Action Now” button below and urge your member of Congress to VOTE and pass the bipartisan Fincher legislation on the Export-Import Bank.
Urge Congress to Support Ex-Im Bank Reauthorization
You may already know many Florida exporters use the Export-Import Bank (Ex-Im Bank), the United States’ official export credit agency, for assistance receiving financing when commercial lending is not available. But did you know Ex-Im Bank is operating on a short-term extension that will force it’s closure on June 30, 2015, unless Congress takes action?
In the past five years, Ex-Im Bank has helped more than 600 Florida companies export goods around the globe. The Florida Chamber supports the long-term reauthorization of Ex-Im Bank and we need your help communicating with your federal elected officials today. Click the button below to urge your member of Congress and Senators to support a long-term reauthorization of Ex-Im Bank.
With the Panama Canal expansion on the horizon, and Florida implementing a plan to strengthen existing businesses and build new businesses based on this opportunity, it makes sense to continue to offer support to Florida’s export-import industry by reauthorizing Ex-Im Bank.
According to Alice Ancona, Director of Global Outreach for the Florida Chamber of Commerce, the loss of Ex-Im could hurt Florida companies.
“To secure Florida’s future, and prevent Florida jobs from going to foreign competitors, the Florida Chamber of Commerce supports reauthorizing Ex-Im. Ex-Im is particularly important to small-and-medium-sized businesses; those businesses account for more than 85 percent of transactions. In the past five years alone, Ex-Im has helped more than 600 Florida small businesses, 168 of which are minority owned, with export finance — a $6 billion value in Florida-based exports,” Ancona explained.
Urge your member of Congress and Senators to support the long-term reauthorization of the Ex-Im Bank.
Export-Import bank may be tied to funding bill
By JOHN BRESNAHAN and JAKE SHERMAN
Senior Republicans and Democrats on Capitol Hill increasingly view a renewal of the Export-Import Bank as part of a possible scenario to keep the government open past Sept. 30, according to multiple sources in both chambers.
High-level discussions between the two chambers are in their infancy, and senior aides caution there is no deal in the immediate offing. But there are forces in both chambers pushing to renew the Export-Import Bank and pass an extension of the Highway Trust Fund before the election.
The House will go first, and plans to extend the Highway Trust Fund sometime in the next two weeks, keeping the program funded until early 2015, Republican sources said. That would give Congress more time to debate a more permanent solution for federal highway funding. The House Ways and Means Committee has announced a mark-up of legislation to extend the program until May 31, 2015.
Senate Majority Leader Harry Reid (D-Nev.) is considering attaching a short-term reauthorization of the Export-Import Bank to a continuing resolution that would keep the government funded past Sept. 30. It would be meant as a dare to House Republicans to shut down the government over the bank in the weeks before Election Day. House Republican leadership has discussed this possibility, but has not decided how they would react if Reid goes in that direction, according to senior House Republican sources. Reid and House Speaker John Boehner met Tuesday.
House Republicans have also discussed passing a so-called CR to keep the government open before August as a way to increase their leverage with the Senate.
Shuttering the Export-Import Bank has become a priority for House conservatives, and its existence has become a flashpoint within the Republican Party. Establishment Republicans support the bank, which helps fund export deals by major companies like Boeing. Tea party aligned Republicans decry it as social welfare. Incoming House Majority Leader Kevin McCarthy of California has ruled out a reauthorization of the program.
But there are people in both House Republican and Senate Democratic leadership who see the upside in extending highway funding and the Export-Import Bank. Highway construction creates jobs and the Export-Import Bank helps large American corporations stay competitive in a global economy.
If the export bank is attached to a government funding measure, it avoids a straight up-and-down vote on its renewal.