Business Roundtable (BRT) urges support for H.R. 2072, the Export-Import Bank Reauthorization Act of 2012.
The bipartisan legislation, approved last week in the House by a 330-93 vote, would reauthorize the U.S. Export-Import (Ex-Im) Bank for three years and increase its current lending authority cap.
In a BRT press release following the House vote, Jim McNerney, Chairman, President and CEO of The Boeing Company, and Chairman of Business Roundtable, stated:
“The Export-Import Bank helps U.S. companies, large and small, sell more American products and services abroad in today's highly competitive international marketplace.”
Doug Oberhelman, Chairman and CEO of Caterpillar Inc., and Chair of BRT’s International Engagement Committee, said:
“With Ex-Im Bank authorization due to expire at the end of May, America can afford no further delay… It is now time for the Senate to act so the Ex-Im Bank can continue to help U.S. companies of all sizes compete for sales around the world and support American jobs.”
In FY 2011, the U.S. Export-Import Bank:
Facilitated roughly $41 billion in U.S. export sales;
Assisted more than 3,600 U.S. small and large companies in selling their products abroad; and
Supported nearly 290,000 U.S. jobs.
Support U.S. Exports and U.S. Jobs!
Vote YES on H.R. 2072
Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies with over $6 trillion in annual revenues and more than 14 million employees. BRT member companies comprise nearly a third of the total value of the U.S. stock market and invest more than $150 billion annually in research and development – nearly half of all private U.S. R&D spending. Our companies pay $163 billion in dividends to shareholders and generate an estimated $420 billion in sales for small and medium-sized businesses annually.
BRT companies give nearly $9 billion a year in combined charitable contributions.
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