[Congressional Record Volume 161, Number 158 (Tuesday, October 27, 2015)]
[House]
[Page H7196]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           EXPORT-IMPORT BANK

  (Mrs. CAROLYN B. MALONEY of New York asked and was given permission 
to address the House for 1 minute.)
  Mrs. CAROLYN B. MALONEY of New York. Mr. Speaker, this summer, when a 
small group of Republicans successfully blocked the renewal of the 
Export-Import Bank, they were very dismissive of the negative effects 
their efforts would have on job creation here in our country. Now it is 
autumn, and without the Ex-Im Bank, we are losing American jobs.
  Last month, General Electric announced it will move production of 
large, gas-powered engines to Canada, along with 350 jobs, because the 
company cannot access financing from the Export-Import Bank.
  Boeing was recently told by a Singapore-based satellite company not 
even to bother bidding on a satellite contract because they lacked the 
financing from Ex-Im.
  These are just a few real-life examples of the real-world 
consequences of letting Ex-Im expire. There is never a good time to 
commit economic suicide.
  I urge my colleagues to join together in renewing the Export-Import 
Bank and saving and growing American jobs.

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