U.S. House Votes to Reauthorize Export-Import Bank

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InternationalThe U.S House of Representatives this week took the second step of a complicated process to reauthorize the Export-Import (Ex-Im) Bank.

The 313-118 vote on October 27 sent the reauthorization legislation to the U.S. Senate, where supporters are attempting to craft a plan to bring an Ex-Im bill to President Barack Obama’s desk.

In an article by POLITICO, Senate Majority Leader Mitch McConnell (Ky.) said he wouldn’t take up a standalone bill, although he has allowed the agency’s renewal to be attached to other must-pass legislation.

According to earlier news reports, the effort began on October 26 when 62 Republicans from the House joined with all Democrats in a 246-177 vote to begin the process of what’s known as a discharge petition. The tactic was last successfully used in 2002 to move campaign finance reform legislation.

The vote Monday evening discharges a rule establishing floor debate from the Rules Committee—the first hurdle in a three-step process. According to The Hill, the House had to approve the rule before turning to the underlying legislation to reauthorize the Export-Import Bank

CalChamber Support

The California Chamber of Commerce is asking the state’s representatives to support reauthorizing the U.S. Export-Import Bank, which expired on June 30.

In a recent letter to the California congressional delegation, CalChamber explains that failure to reauthorize the Ex-Im Bank will seriously disadvantage U.S. companies—small and large—in foreign markets, potentially resulting in the loss of thousands of U.S. jobs. Failure to reauthorize the Ex-Im Bank would put at risk the more than 150,000 U.S. jobs at 3,000 companies that depend on Ex-Im to compete in global markets.

California Congressional Delegation Vote on Ex-Im Bank

Ayes: Aguilar (D-Redlands), Bass (D-Los Angeles), Becerra (D-Los Angeles), Bera (D-Elk Grove), Brownley (D-Westlake Village), Calvert (R-Corona), Capps (D-Santa Barbara), Cárdenas (D-San Fernando Valley), Chu (D-Monterey Park), Cook (R-Yucca Valley), Costa (D-Fresno), Davis (D-San Diego), Denham (R-Atwater), DeSaulnier (D-Concord), Eshoo (D-Palo Alto), Farr (D-Carmel), Garamendi (D-Walnut Grove), Hahn (D-San Pedro), Honda (D-San Jose), Huffman (D-Marin), Hunter (R-Alpine), Issa (R-Vista), Knight (R-Palmdale), Lee (D-Oakland), Lieu (D-Torrance), Lofgren (D-San Jose), Lowenthal (D-Long Beach), Matsui (D-Sacramento), McNerney (D-Pleasanton), Napolitano (D-Norwalk), Nunes (R-Tulare), Pelosi (D-San Francisco), Peters (D-La Jolla), Roybal-Allard (D-Los Angeles), Ruiz (D-Coachella), Sánchez, Linda (D-Lakewood), Sanchez, Loretta (D-Anaheim), Schiff (D-Burbank), Sherman (D-Sherman Oaks), Speier (D-Hillsborough), Swalwell (D-Dublin), Takano (D-Riverside), Thompson (D-St. Helena), Torres (D-Pomona), Valadao (R-Hanford), Vargas (D-Golden Hill), Walters (R-Irvine), Waters (D-Los Angeles).

Noes: LaMalfa (R-Richvale), McCarthy (R-Bakersfield), McClintock (R-Roseville), Rohrabacher (R-Hunting-ton Beach), Royce (R-Fullerton).

Action Needed

The CalChamber is asking that businesses send a letter to their senator via our grassroots system at www.calchambervotes.com.

For more information see www.CalChamber.com/Ex-Im.

Staff Contact: Susanne T. Stirling

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Susanne T. Stirling
About Susanne T. Stirling
Susanne T. Stirling, vice president, international affairs, has headed the CalChamber’s International Trade Department since 1982. She serves on the District Export Council (appointed by the U.S. Secretary of Commerce), the National Export Council Steering Committee, the U.S. Chamber of Commerce International Committee, and the Chile-California Council. She studied at the University of Copenhagen and holds a B.A. in international relations from the University of the Pacific. She earned an M.A. from the School of International Relations at the University of Southern California.