EQUIPMENT MANUFACTURERS THANK LAWMAKERS FOR SUPPORTING THE EX-IM BANK
Association of Equipment Manufacturers Senior Vice President of Government and Industry Relations Kip Eideberg released the following statement thanking lawmakers for their votes in favor of reauthorizing the United States Export-Import Bank.
“We thank Representatives Brian Fitzpatrick (PA-01), Sam Graves (MO-06), Duncan Hunter (CA-50), John Katko (NY-24), Adam Kinzinger (IL-16), Billy Long (MO-07), Blaine Luetkemeyer (MO-03), Dan Newhouse (WA-04), Tom Reed (NY-23), Martha Roby (AL-02), Elise Stefanik (NY-21), Fred Upton (MI-06), and Ann Wagner (MO-02) for standing up for equipment manufacturers and the 1.3 million men and women of our industry,” said Kip Eideberg, AEM Senior Vice President of Government and Industry Relations. “It is because of their steadfast leadership that we are now one step closer toward reauthorization of the Ex-Im Bank.”
Eideberg continued, “Our industry needs the long-term certainty that the Ex-Im Bank will continue to help equipment manufacturers of all sizes secure new sales overseas that support well-paying jobs in America. The United States Export Finance Agency Act of 2019 will help do just that and is an important step forward toward reauthorization. The bank supports millions of family sustaining jobs across the country, helping families buy groceries, pay bills, and invest in their children’s education. Equipment manufacturers appreciate the bipartisan efforts of Representatives Fitzpatrick, Graves, Hunter, Katko, Kinzinger, Long, Luetkemeyer, Newhouse, Reed, Roby, Stefanik, Upton, and Wagner to move forward a robust Ex-Im Bank reauthorization and urge Republicans and Democrats in the House and the Senate to work together to reauthorize the agency this year.”
The 13 Republicans joined their Democratic colleagues to vote 235-184 in favor of the bill. The Ex-Im Bank supports 5,073 jobs in Alabama, 149,005 jobs in California, 46,722 jobs in Illinois, 59,693 jobs in Michigan, 9,397 jobs in Missouri, 64,861 jobs in New York, 39,858 jobs in Pennsylvania, and 820,569 jobs in Washington.
AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,100 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry in the United States supports 1.3 million jobs and contributes roughly $159 billion to the economy every year.