[Congressional Record Volume 160, Number 133 (Wednesday, September 17, 2014)]
[House]
[Page H7630]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
{time} 1230
EXPORT-IMPORT BANK
(Mr. GARCIA asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. GARCIA. Madam Speaker, as someone who was born and raised in
south Florida, I know Miami thrives on investment exports and economic
development provided by the Export-Import Bank facilities--the Ex-Im
Bank.
This organization will lose its authorization unless Congress acts.
It is crucial to fueling a prosperous economy, not only in south
Florida but the entire country.
In 2013 alone, the Ex-Im Bank supported an estimated $37.4 billion of
U.S. exports and helped sustain more than 200,000 jobs. This is key. In
my own district, 300 million exports since 2007.
As a percentage of the GDP, China and India provided roughly three
times as much financing as we did. We need to reauthorize the Ex-Im
Bank to create jobs and keep our exporters in competitive foreign
markets.
I urge my colleagues to join me in working to reauthorize the Ex-Im
Bank. This is an issue too important in the economy for partisan
politics.
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