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Export-Import Bank

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...

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...

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...

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...

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 ...

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...

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...

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,” ...

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...

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...

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...

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...

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. ...

With 10 Days Left, Waters Calls on GOP Leadership to Save Ex-Im

| Posted in Press Releases

With just ten days left for Congress to act before the Export-Import Bank shuts down, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, took to the House floor to call on House Republican leadership to bring renewal legislation to a vote. Stressing the importance of the agency to creating and sustaining American jobs in every corner of the nation, Waters ou...

Leading House Democrats Call On Republican Leadership to Hold a Vote on Ex-Im Bank

| Posted in Press Releases

As American export businesses continue facing uncertainty regarding the Export-Import Bank’s charter, top Democrats on Thursday continued to press the Republican Majority to bring a legislative proposal to renew and reform the agency to a vote. Financial Services Committee Ranking Member Maxine Waters (D-CA) joined Democratic Whip Steny Hoyer (D-MD), Monetary Policy and Trade Subcommittee Ranking ...

Waters: Republican Brinksmanship on Ex-Im Threatens Survival of American Businesses in Global Marketplace

| Posted in Press Releases

As Republicans in Congress continue to run out the clock on the Export-Import Bank, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, condemned the Majority’s continued ideological attacks in the face of bipartisan support from a majority of the House of Representatives. Waters underscored that just 14 legislative days remain until this economic engine for ...

Committee Democrats Blast Inaction on Ex-Im Bank

| Posted in Press Releases

Today, Democrats on the Financial Services Committee upended a markup of 13 measures focused on capital formation for American small businesses to demand immediate action to renew the Export –Import Bank (Ex-Im). Led by Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee, Democrats highlighted the benefits of the Bank in their districts, while noting that with only 18 legislative d...

Effort to force Vote on Ex-Im Bank Gains Momentum

| Posted in Press Releases

In less than 24 hours, an effort to bypass House Republican leadership and force a vote on legislation to extend the Export-Import Bank’s charter has garnered the support of 179 Members of Congress. Led by three key Democratic members of the Financial Services Committee, the lawmakers have signed a discharge petition; a procedure that, if supported by a majority of the House, would bring legislati...

Waters Urges Action to Renew and Reform Export–Import Bank

| Posted in Press Releases

Following comments by Speaker Boehner that, “there are thousands of jobs on the line that would disappear pretty quickly if the [Export-Import] Bank were to disappear," Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, urged the Republicans on the Committee to stand up for American jobs and businesses by taking action to renew and reform the Export-Import B...

Democrats Move to Force a Vote on Export-Import Bank

| Posted in Press Releases

With just 26 legislative days left until the Export-Import Bank closes its doors on June 30, House Democrats today initiated an effort to bypass House Republican leadership that would force a vote on legislation to extend the Bank’s charter. Three key Democratic members of the Financial Services Committee have joined with Democratic Leader Nancy Pelosi and Whip Steny Hoyer to sign a discharge peti...

Lawmakers call for Ex-Im renewal at bank's annual Washington conference

| Posted in In Case You Missed It

Rep. Maxine Waters (D-Calif.) on Friday defended Boeing and other big businesses that utilize the Export-Import Bank as she and other lawmakers called for Ex-Im's reauthorization. "I'm not backing away from being proud of the big businesses that create jobs and suppliers," the top Democrat on the House Financial Services Committee said at the bank's annual conference in Washington. Waters said, "S...

America’s wobbly economic leadership

| Posted in In Case You Missed It

The underlying theme of last week’s IMF/World Bank spring meetings was rising angst over retreating US leadership. The gathering took place shortly after America’s closest allies, led by Britain, spurned a plea from Washington to boycott the China-led Asian Infrastructure Investment Bank. More than 50 countries have signed up. Now the US is in danger of inflicting more damage on itself by shutting...

As Clock Ticks on Ex-Im, Waters Urges Immediate Renewal

| Posted in Press Releases

With the Export-Import Bank’s charter set to expire in just 32 legislative days, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, today blasted House Republicans for wasting time hosting a hearing on the implementation of the 2012 reauthorization – and called on them to instead focus on ensuring its doors remain open. In a joint hearing between subcommitte...

For the Second Time, House Republicans Block Ex-Im Renewal

| Posted in Press Releases

For the second time this week, House Republicans today rejected a Democratic motion to bring legislation to reauthorize, reform and re-energize the Export-Import Bank up for a vote. Congressman Denny Heck (D-WA) joined Congressman Al Green (D-TX) in leading the effort to bring the measure, H.R. 1031, to the Floor of the House using a parliamentary procedure called the "previous question." Entitled...

House Republicans Block Consideration of Export-Import Bank Renewal

| Posted in Press Releases

Today, House Republicans rejected a Democratic motion 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," House Republicans blocked an effort to bring H.R. 1031, the “Promoting U.S. Jobs through Exports Act of 2015” to the House floor. This legislation, which has 190 Democratic cosponsors,...

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