WASHINGTON, D.C. – U.S. Senator Mark Kirk (R-Ill.) issued the following statement after the House passed, with a supermajority of 313 members, the Kirk-Heitkamp Export-Import Bank reform bill (S. 819):
“American manufacturers can be confident that the Export-Import Bank has a clear supermajority in the Senate and now the House. This vote is a great indicator of support but is not the final hurdle in keeping American jobs in America.”
The Export-Import Bank Reform and Reauthorization Act (S. 819), which Senator Kirk introduced with Senator Heidi Heitkamp (D-N.D.), passed the Senate in July after it was adopted as an amendment to the DRIVE Act by a vote of 64 to 29. The Kirk-Heitkamp bill would extend Ex-Im’s charter, which expired June 30, until 2019. The bill was brought to the House floor today through a discharge petition filed by Rep. Stephen Fincher (R-Tenn.-08).
The top Illinois companies supported by Ex-Im are The Boeing Company, CNH Industrial America and Caterpillar. The agency also assists hundreds of small businesses throughout the state. Ex-Im operates at no cost to the taxpayer, and in the past three years the bank has returned $2.5 billion to the U.S. Treasury. The Congressional Budget Office estimates that the Kirk-Heitkamp bill would save taxpayers an additional $2.3 billion.