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Rep. Gallego's One-Minute Speech on the Ex-Im Bank Reauthorization

July 9, 2015

Mr. Speaker,

I rise today to highlight an issue that deserves our immediate attention – the Republican leadership’s failure to bring the reauthorization of the Export-Import Bank to the House floor for a vote.

The Ex-Im Bank plays a critical role in our economy, opening international markets to U.S. businesses by facilitating the sale of American goods and services overseas.

The Bank evens the playing field for American companies, enabling them to compete based on the quality of their products, not on the financing terms they can offer.

Allowing the Bank’s authorization to expire will have real world consequences, Mr. Speaker.

If we don’t act, American businesses that employ tens of thousands of our workers will struggle to survive in the competitive global marketplace.

There is no question that there are enough votes in both the House and Senate today to pass the Ex-Im reauthorization on a bipartisan basis.

Mr. Speaker, for the sake of American businesses and workers, the Republican leadership needs to stop playing to their out-of-touch base and start acting in the best interests of the American people by reauthorizing the Ex-Im Bank immediately.

Thank you.