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June 30, 2015

Rep. Aguilar Issues Statement on Export-Import Bank Expiration

Today, Rep. Pete Aguilar (CA-31) issued the following statement in light of the looming expiration of the Export-Import Bank, which ends at midnight tonight:

“Allowing the Export-Import Bank to expire is partisan politics at its worst. There are Inland Empire businesses that rely on the bank to level the playing field in a global economy. Despite bipartisan support for the bank, Republican leadership chose politics over policies that create jobs and grow the economy,” said Rep. Aguilar.

The Export-Import Bank’s charter expires tonight at midnight because Congress did not act. Republican leadership’s refusal to reauthorize the charter jeopardizes American businesses that rely on the bank to level the playing field so they can compete fairly when conducting business overseas. Last week, Rep. Aguilar spoke on the House floor, urging Republican leadership to bring the Export-Import Bank reauthorization to a vote. His remarks can be viewed here.