Export-Import Bank

Waters: Trump Budget Would Harm Consumers, Open the Door to Another Financial Crisis

| Posted in Press Releases

Today, in response to the Trump Administration’s release of its full budget request to Congress for Fiscal Year 2019, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement: “Trump’s budget proposal would harm American consumers, hurt our nation’s communities and wipe out financial reforms that are in place to prevent another finan... Read more »

Waters Speaks Out Against Maneuver to Remove Bipartisan Export-Import Bank Amendment from Omnibus Funding Bill

| Posted in Press Releases

During consideration of H.R. 3354, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, spoke on the House floor against a ruling to eliminate an amendment introduced by Congressman Charlie Dent (R-PA) which would temporarily modify the Export-Import Bank’s quorum requirement, allowing the Bank to consider transactions of all sizes and clear its significant ba... Read more »

Democrats Slam Hensarling Plan to Undermine Bipartisan Export-Import Bank Amendment

| Posted in Press Releases

Following Financial Services Committee Chairman Jeb Hensarling's request to eliminate a bipartisan amendment to temporarily modify the Export-Import Bank’s quorum requirement, which would allow the Bank to consider transactions of all sizes and clear its significant backlog, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, Congressman Steny Hoyer (D-MD), H... Read more »

Waters Strongly Opposes Garrett’s Nomination to Lead Ex-Im

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement opposing President Trump’s official nomination of former Representative Scott Garrett, a staunch opponent of the Export-Import Bank (Ex-Im), to serve as its next president: “Despite all the claims Trump made over the course of his campaign, the selection of former right-... Read more »

Waters: Ex-Im Opponent Scott Garrett is the Wrong Choice to Lead the Ex-Im Bank

| Posted in Press Releases

WASHINGTON - Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement opposing the pending nomination of former Representative Scott Garrett, a staunch opponent of the Ex-Im Bank, to serve as its next president: “Despite all the claims Trump made over the course of his campaign, the selection of former right-wing Representati... Read more »

Waters Strongly Opposes Trump’s Harmful Budget Proposal

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, released the statement below in response to President Trump’s budget blueprint: “This a dangerous budget, but we only know part of it. Trump’s massive cuts to housing and economic development programs would put millions of Americans and their communities at risk. But this is only part of the story: Trump’s b... Read more »

Statement by Ranking Member Maxine Waters on the Resignation of Export-Import Bank Chairman and President Fred P. Hochberg

| Posted in Press Releases

“As the Obama Administration comes to a close, we must acknowledge the noble men and women who dedicated themselves to serving this Administration. Fred Hochberg, one of the most distinguished business leaders in our nation’s history, served with distinction, compassion, and a commitment to creating jobs and supporting our economic recovery. “Over the course of more than 80-years, the Export-Impor... Read more »

Waters Opposes Bill to Undermine Iran Nuclear Deal, Warns of Global Risks Under Trump

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, spoke on the House floor opposing H.R. 5711, a bill that would undermine the Iran nuclear deal, thereby jeopardizing both U.S. and global security. “I am particularly concerned that this bill comes at a time of deep global uncertainty about U.S. foreign policy," Waters said. "We have a President-elect whose ... Read more »

Waters Opposes Republicans’ Unacceptable Short-Term Funding Bill

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement on Republicans’ continuing resolution (CR) that would fund the government until December: “Republicans have proposed a continuing resolution to fund our government and services to the American people that is simply unacceptable. This CR is an insult to the people of Flin... Read more »

At Markup, Waters Opposes GOP Efforts to Undermine Iran Nuclear Deal

| Posted in Press Releases

In opening remarks during a Financial Services Committee markup today, Congresswoman Maxine Waters (D-CA), the Committee’s Ranking Member, expressed concern with legislation that would violate or undermine the U.S.’s commitments under the Iran nuclear deal. “We are considering two pieces of legislation today that would have serious consequences for our ability to uphold the Iran nuclear deal and a... Read more »

ICYMI: Hoyer, Waters, Moore, Heck Send Letter Urging Confirmation of J. Mark McWatters to the Board of the Export-Import Bank

| Posted in In Case You Missed It

House Democratic Whip Steny H. Hoyer, along with House Financial Services Committee Ranking Member Maxine Waters, Monetary Policy & Trade Subcommittee Ranking Member Gwen Moore, and Rep. Denny Heck, today sent a letter to Senate Banking Committee Chairman Richard Shelby urging action on the confirmation of J. Mark McWatters to a four-year term serving on the Board of the Export-Import Bank. The le... Read more »

Waters Lauds Final Passage Vote to Renew Ex-Im

| Posted in Press Releases

As the House completed votes on final passage of H.R. 22, and with it the four-year reauthorization of the Export-Import Bank, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, hosted a press conference to mark the long-awaited renewal of the export credit agency. Waters discussed the many ways she and other supporters have worked to achieve reauthorization... Read more »

Waters Statement on House Passage of Historic Export-Import Bank Reauthorization

| Posted in Press Releases

Following passage today of H.R. 22, the DRIVE Act, by a vote of 371 – 54, which included a hard-fought, long-term reauthorization of the Export-Import Bank, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, praised colleagues, exporters, workers and business owners, and a broad coalition of advocacy groups on their tireless efforts to revive the export cred... Read more »

Waters Delivers 218th Signature in Historic Effort to Renew Ex-Im

| Posted in Press Releases

As a majority of the House of Representatives, Democrats and Republicans, came together today to gather enough signatures on a discharge petition to force a vote on the reauthorization of the Export-Import Bank, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, provided the 218th signature required by House rules to move the historic process forward. The di... Read more »

During Markup, Waters Underscores Urgent Need to Renew Ex-Im

| Posted in Press Releases

In opening remarks during a Financial Services Committee markup today, Congresswoman Maxine Waters (D-CA), the Committee’s Ranking Member, outlined the negative impacts of the group of bills under consideration and stressed the need to revive export credit financing for American businesses and workers. Specifically, the Ranking Member pointed out that the measures threaten to hamper efforts to boo... Read more »

Waters: GOP Inaction Damaging U.S. Competitiveness

| Posted in Press Releases

In response to G.E.’s second major announcement in the past two weeks that it will expand its operations in Europe where export credit financing is made readily available, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, released the following statement: “I am disappointed that as another day has passed without action from House Republican Leadership to re... Read more »

Waters to Republicans: Stop Handing Victories to Foreign Competitors; Bring Ex-Im Up for A Vote

| Posted in Press Releases

In response to General Electric’s announcement of relocation of its production and jobs to France, Hungary, and China in the wake of the expiration of the Export-Import Bank’s charter, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, underscored the negative impacts of Republican’s obstruction on communities across the nation. The ranking Democrat went on ... Read more »

GE to shift 500 US jobs overseas due to ExIm Bank closure

| Posted in In Case You Missed It

General Electric has reignited a political debate over America’s global competitiveness and the future of its Export-Import Bank by announcing it is shifting 500 manufacturing jobs out of the US to countries that provide export finance. US business has been fighting for more than a year to save the ExIm Bank, the government-backed trade finance agency, which lost its ability to extend new loans on... Read more »

Waters Condemns Export-Import Bank-Related Layoffs

| Posted in Press Releases

Following an announcement of several hundred layoffs planned at Boeing’s satellite factory in southern California, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, underscored the very real impact the Export-Import Bank’s shut down is having on American workers. The layoffs add to the growing number of jobs at risk as a result of the export credit agency’s... Read more »

Before Breaking for Summer, GOP Takes a Moment to Hurt American Workers

| Posted in Press Releases

As House Republicans prepare to leave town for a nearly six-week summer recess, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, took the party to task for failing to take any action to re-open the Export-Import Bank, which has been shut down for nearly a month. Waters blasted Republicans for voting against a procedural motion called the “previous question,” ... Read more »

Waters Statement on White House Ex-Im Reauthorization Meeting

| Posted in Press Releases

Following a meeting at the White House with President Obama and small business owners affected by the shutdown of the Export-Import Bank, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, underscored Democrats’ commitment to passage of a long-term reauthorization of the export credit agency. She issued the following statement: “I am pleased to join Presiden... Read more »

Waters: Failure to Act on Ex-Im ‘Unconscionable’

| Posted in Press Releases

Mere hours before the Export-Import Bank’s charter is set to expire at midnight, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, joined Democratic Whip Steny Hoyer (D-MD), Monetary Policy and Trade Subcommittee Ranking Member Gwen Moore (D-WI) and Congressman Denny Heck (D-WA) in expressing their disappointment about the Republican-driven shutdown of Amer... Read more »

Waters: Republican Ex-Im Brinksmanship Will Kill U.S. Jobs

| Posted in Press Releases

As the House of Representatives leaves town for a week-long recess without taking up legislation to extend the Export-Import Bank’s charter just days before it is set to shut down, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement: “Today, Speaker Boehner and House Republicans have chosen once again to govern by crisis, leavin... Read more »

With Time Running Out, Republicans Fail to Stand up for Export-Import Bank

| Posted in Press Releases

With just one day remaining for Congress to act before the Export-Import Bank shuts down, a wide array of Democrats took to the House floor asking for unanimous consent to extend its charter by bringing up H.R. 1031 – a bill sponsored by Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, Monetary Policy and Trade Subcommittee Ranking Member Gwen Moore (D-WI), Reps. Denny Hec... Read more »

Democrats Move to Force a Vote on Export-Import Bank

| Posted in Press Releases

Today, with just five days for Congress to act before the Export-Import Bank shuts down, Democrats on the Financial Services Committee took to the House floor in an attempt to force a vote to bring legislation to reauthorize, reform and re-energize the Export-Import Bank up for a vote. Using a parliamentary procedure called the "previous question," Democrats are pressing for consideration of H.R. ... Read more »



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