WASHINGTON – U.S. Senator Chris Coons (D-Del.) released the following statement after President Obama delivered remarks today to a group of small business owners on why Congress must act to reauthorize the Export-Import (EXIM) Bank and support American businesses. The EXIM Bank’s authorization expired on June 30, and can only be reauthorized with Congressional action.
“Each day Congress fails to reauthorize the Export-Import bank, more and more American jobs and businesses are put at risk,” said Senator Chris Coons. “President Obama made a strong case today to small business owners about why EXIM is essential to helping American businesses compete in the global economy. At a time when our economy is gaining steam, we need to continue to help American companies of all sizes compete in markets around the world, not make it harder.
“Reauthorizing EXIM has wide, bipartisan support in both chambers, and it’s time for Speaker Boehner and Leader McConnell to listen to their colleagues and the American people and hold a vote on a reauthorization bill. Our businesses and our economy cannot afford to have Congress delay any longer.”