Kirk Amendment Demonstrates Majority, Bipartisan Support for Export-Import Bank

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With June 30 Expiration, Congress Can Prevent Shutdown


WASHINGTON, D.C. – U.S. Senator Mark Kirk (R-Ill.) led an amendment to keep open the Export-Import Bank, set to expire on June 30. A bipartisan, filibuster-proof majority voted 65-31 to back Senator Kirk’s amendment to reform Ex-Im and extend its charter to 2019.

“This vote sends a clear message that we have a bipartisan majority to save the Export-Import Bank and the 46,000 Illinois jobs that depend on it,” Senator Kirk said. “Allowing Ex-Im to expire hands American competitiveness over to China and Europe, and this vote shows that we don’t have to.”

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. 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 and operates with no cost to the taxpayer. In the past three years, the bank returned nearly $3 billion to the U.S. Treasury. The Ex-Im Coalition estimates 46,722 jobs in Illinois are supported by the Ex-Im Bank.

Senator Kirk and Senator Heidi Heitkamp (D-N.D.) introduced the Export-Import Bank Reform and Reauthorization Act (S. 819) earlier this year. The Chamber of Commerce and the National Association of Manufacturers are in support of the Kirk-Heitkamp legislation.

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