WHEREAS, Ninety percent of the Ex-Im Bank transactions
benefit small businesses; and
WHEREAS, Between 2007 and 2014, the Ex-Im Bank supported 290
Pennsylvania companies, including 189 small businesses employing
39,858 workers that exported products; and
WHEREAS, These 290 Pennsylvania companies sold more than $6
million in goods and services across the globe; and
WHEREAS, Since fiscal year 2014, the Ex-Im Bank supported
nearly $48 billion in exports; and
WHEREAS, The Ex-Im Bank has supported more than 1.3 million
American jobs in all 50 states since 2009; and
WHEREAS, Pennsylvania exported more than $1 billion of goods
and services in 2014; and
WHEREAS, Pennsylvania companies, particularly in the
manufacturing sector, rely on the sales of products across the
world; and
WHEREAS, Nearly 90% of world trade relies on trade finance
provided by 60 export credit agencies according to the
Congressional Research Service; and
WHEREAS, The Ex-Im Bank's statutory authority has been
renewed many times over the past 80 years under both Democrat
and Republican administrations; and
WHEREAS, The Ex-Im Bank's statutory charter is scheduled to
expire on June 30, 2015; and
WHEREAS, Expiration of the Ex-Im Bank's authority would stop
operations and prevent Pennsylvania companies from selling
billions of dollars in products overseas; and
WHEREAS, Expiration of the Ex-Im Bank will have a negative
impact on the Pennsylvania economy and on its communities and
workers; therefore be it
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