[Congressional Record Volume 158, Number 60 (Wednesday, April 25, 2012)]
[House]
[Page H2082]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           EXPORT-IMPORT BANK

  (Mr. CONNOLLY of Virginia asked and was given permission to address 
the House for 1 minute and to revise and extend his remarks.)
  Mr. CONNOLLY of Virginia. Madam Speaker, over the years, it's become 
harder to find the ``Made in America'' label even though we know that a 
robust manufacturing industry is essential for our economy and it 
creates jobs.
  Thankfully, we've got a great opportunity to help manufacturing, the 
Export-Import Bank, the entity that helps American companies export 
American goods. The U.S. Chamber has urged the bank's reauthorization 
because it supports American job creation.
  Since 2007, companies in my home State of Virginia have supported 
almost a billion dollars in export sales because of the bank, with 
those in my district alone supporting $130 million in exports.
  Last week, House Republicans brought up a bill to help small 
businesses, allegedly, that will cost taxpayers $46 billion. Eighty-
five percent of the Export-Import Bank's transactions aid those very 
same small businesses, and the bank provides a net benefit to 
taxpayers--more than $4 billion over the last 6 years.
  The Export-Import Bank is good business, Madam Speaker. It creates 
jobs. It supports American companies, and it returns a profit to the 
American taxpayer. I urge my colleagues to support its reauthorization.

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