Reformed Export-Import Financing
“I will vote to support a significantly reformed Export-Import Bank as part of our strategy to keep Eastern Washington competitive and America secure.”
Washington, D.C. – Today Rep. Cathy McMorris Rodgers (WA-05) voted to reauthorize and reform the Export-Import Bank. The House passed the bill with a bipartisan vote of 313-118. Here is the statement she released in advance of the vote, pledging her support:
“I will vote to support a significantly reformed Export-Import Bank as part of our strategy to keep Eastern Washington competitive and America secure when it comes to the House floor for passage. Immediately eliminating this tool would put winemakers in Walla Walla; manufacturers in Spokane; and farmers across our region at a serious disadvantage by limiting their products from being sold around the world.
“This New Deal era institution is far from perfect, so we should change it to fit our 21st Century marketplace. Although I would have preferred to address this through the normal committee process, the reforms in this bill protect taxpayers from corruption and cronyism while moving toward the elimination of government export-financing programs altogether. “