January , 2019

Email This Post Email This Post

WASHINGTON – U.S. Senator Mark Kirk (R-Ill.) applauded the Senate’s 67-26 vote to invoke cloture on his legislation to reauthorize and reform the Export-Import Bank. A vote on final passage of Kirk Amendment #2327 to the highway bill will be held tomorrow, Monday, July 27th.

“The Kirk-Heitkamp bill to keep the Ex-Im Bank open cleared a major hurdle today, and we are one step closer to keeping American jobs here in America and not lost to countries like China.”


Senator Kirk and Senator Heidi Heitkamp (D-N.D.) introduced the Export-Import Bank Reform and Reauthorization Act (S. 819) earlier this year. In a test vote on the bill in the form of a Kirk amendment to the National Defense Authorization Act, 65 Senators supported reauthorizing Ex-Im, and Senator Kirk worked to get today’s vote in order to reauthorize the Bank, whose charter expired June 30th.  The U.S. Chamber of Commerce and the National Association of Manufacturers are in support of the Kirk-Heitkamp legislation.

Nearly 90 percent of Ex-Im’s transactions each year directly benefit small businesses, and nationwide the bank supports more than 205,000 American jobs, including 47,000 in Illinois. The top Illinois companies supported by Ex-Im are The Boeing Company, CNH Industrial America and Caterpillar. The Export-Import Bank supports 244 Illinois businesses, such as Boeing, and operates with no cost to the taxpayer. In the past three years, the bank has returned nearly $3 billion to the U.S. Treasury. The Congressional Budget Office has estimated that the Kirk-Heitkamp bill would save taxpayers $2.3 billion.

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.

Recent Comments

Welcome to CopyLine Magazine! The first issue of CopyLine Magazine was published in November, 1990, by Editor & Publisher Juanita Bratcher. CopyLine’s main focus is on the political arena – to inform our readers and analyze many of the pressing issues of the day - controversial or otherwise. Our objectives are clear – to keep you abreast of political happenings and maneuvering in the political arena, by reporting and providing provocative commentaries on various issues. For more about CopyLine Magazine, CopyLine Blog, and CopyLine Television/Video, please visit juanitabratcher.com, copylinemagazine.com, and oneononetelevision.com. Bratcher has been a News/Reporter, Author, Publisher, and Journalist for 33 years. She is the author of six books, including “Harold: The Making of a Big City Mayor” (Harold Washington), Chicago’s first African-American mayor; and “Beyond the Boardroom: Empowering a New Generation of Leaders,” about John Herman Stroger, Jr., the first African-American elected President of the Cook County Board. Bratcher is also a Poet/Songwriter, with 17 records – produced by HillTop Records of Hollywood, California. Juanita Bratcher Publisher

Recent Posts