WASHINGTON,
D.C. – Today, Sen. Sherrod Brown (D-OH), Chair of the Senate Committee on
Banking, Housing, and Urban Affairs, issued the following statement after the
board of the Export-Import Bank (EXIM) voted unanimously and with bipartisan
support to establish a new financing tool for domestic manufacturers. The
creation of a domestic financing facility will help expand American
manufacturing and improve domestic supply chains.
“EXIM
is doing exactly what Congress told the Bank to do when we reauthorized its
charter in 2019: help American exporters compete with China and other nations,”
said
Brown. “We need to make more things in America, and EXIM is helping reshore
critical supply chains. I applaud EXIM for taking this step and will continue
to work with them to protect American jobs and bolster domestic manufacturing.”
Recently,
Sen. Brown
urged
his colleagues on the Senate floor to advance the nomination of Judith
Pryor for First Vice President of EXIM. He also
took
to the Senate floor to support Reta Jo Lewis’ confirmation as President of
EXIM, who is now the first Black woman to lead the Bank. Finally, as
Ranking Member of the Banking & Housing Committee in 2019, he secured
passage of a
historic
seven-year reauthorization of EXIM after years of fighting
right-wing special interests to ensure EXIM can continue serving American
manufacturers.
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