WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) – ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs – calls out Senate Majority Leader Mitch McConnell for his lack of a plan to pass a long-term bill to reauthorize the Export-Import Bank. McConnell said that he opposes the bipartisan EXIM Bank legislation that passed the House today with support from the U.S. Chamber of Commerce, National Association of Manufacturers, and the AFL-CIO.
“Senator McConnell needs to move a long-term EXIM bill through the Senate now. Any gripes McConnell and the Trump Administration have about the bipartisan House or Senate bills waiting to be taken up are just blatant excuses to help EXIM’s opponents sabotage the Bank and hurt U.S. manufacturing jobs,” said Brown.
McConnell and the Trump Administration have wasted years allowing the Bank to be partially shut down and hobbled, sacrificing thousands of good-paying American manufacturing job, crippling American supply chains and small businesses, and weakening America’s export dominance globally.
S. 2293, the Export-Import Bank Reauthorization Act of 2019, introduced by Senators Cramer and Sinema, would reauthorize the EXIM Bank for 10 years and is cosponsored by a bipartisan group of 13 additional Senators.