House votes to approve reauthorization of Export-Import Bank through historic "discharge petition' maneuver
Today the House of Representatives successfully passed H.R. 597, the Reform Exports and Expand the American Economy Act, to reauthorize the Export-Import Bank of the United States until 2019.
"Today politics stepped aside, and compromise and cooperation won the day," Heck said. "I've sat on the House Financial Services Committee for three years demanding that we get this done. Today we showed that no committee chairman can get in the way of the will of the people."
The Export-Import Bank is the nation's official export credit agency and a tool that helps companies in Washington state and nationwide sell products overseas and create jobs. Since the bank's authorization lapsed on June 30, 2015, the bank has been forced to stop its assistance to U.S. exporters -- threatening export deals for more than 100 exporters in Washington state.
"The Senate must immediately take up this important legislation," Heck added. "I urge Majority Leader McConnell to listen and respect the numerous, common-sense voices in support of this job-creating tool. The longer we delay and the bank is closed, the more jobs we lose as a result of our inaction. "