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house Bill H.R. 597

Should the Export-Import Bank be Reauthorized and Reformed?

Argument in favor

These reforms will help ensure that the Export-Import Bank is a trustworthy steward of taxpayer dollars, while allowing it to continue helping American businesses sustain jobs and compete in the global economy.

BarackObama's Opinion
···
10/28/2015
"The bank’s sole mission is to support American jobs by increasing our exports. That’s it. It helps small businesses go global. It helps American entrepreneurs take that next step. Plus, it costs the taxpayers nothing — all its money comes from its own operations. In fact, it actually generates money for the taxpayer. That’s how cost-effective it is." [bostonglobe.com]
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Lonnie's Opinion
···
10/27/2015
Raise the import tax and get Americans back to work so we're not dependant on other nations for the stuff that we need and make here.
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Lynn's Opinion
···
10/27/2015
Alabama small business might use this financings to move products from machinery to wood
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Argument opposed

The Export-Import Bank is nothing more than taxpayer-backed corporate welfare. Export subsidies -- like those provided by the Ex-Im Bank -- don’t create jobs, and primarily help large, well-connected businesses.

BernieSanders's Opinion
···
10/28/2015
“At a time when almost every major corporation in this country has shut down plants and outsourced millions of American jobs, we should not be providing corporate welfare to multi-national corporations through the Export-Import Bank." [sanders.senate.gov]
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DonaldTrump's Opinion
···
10/28/2015
"It's sort of a featherbedding for politicians and others, and a few companies. And these are companies that can do very well without it. So I don't like it. I think it's a lot of excess baggage. I think it's unnecessary." [bloomberg.com]
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LibertyForAll's Opinion
···
10/27/2015
The loss of US jobs and competitiveness in the global markets has been linked to government coercion of the Free Market and labor force. When will people understand the government never makes anything better. Government only provides the bare minimum results at the highest price to the tax payer.
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house Passed October 27th, 2015
    Roll Call Vote 313 Yea / 118 Nay
      house Committees
      Committee on Financial Services
    IntroducedJanuary 28th, 2015

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Bill Activity

  • action
    Introduced in House
  • action
    Sponsor introductory remarks on measure.
  • referral
    Referred to the House Committee on Financial Services.
  • action
    ORDER OF PROCEDURE - Mr. Collins (GA) asked unanimous consent that the question of adoption of a motion to recommit on H.R. 597 may be postponed as though under clause 8, rule XX. Agreed to without objection.
  • action
    Considered under the provisions of H. Res. 450.
  • action
    DEBATE - The House proceeded with one hour of debate on H.R. 597.
  • action
    The previous question was ordered pursuant to the rule.
  • action
    Ms. Norton moved to recommit to Financial Services.
  • action
    DEBATE - The House proceeded with 10 minutes of debate on the Norton motion to recommit, pending reservation of a point of order. Subsequently, the reservation of a point of order was withdrawn.
  • action
    The previous question on the motion to recommit was ordered without objection.
  • action
    POSTPONED ROLL CALL VOTE - The Chair put the question on the motion to recommit and by voice vote announced that the noes had prevailed. Mr. Hensarling demanded the yeas and nays and pursuant to a previous order of the House, the Chair postponed further proceedings on the question of adopting the motion to recommit until a time to be announced.
  • action
    WITHDRAWAL OF DEMAND FOR YEAS AND NAYS - Mr. Hensarling asked unanimous consent to withdraw his demand for the yeas and nays on the motion to recommit H.R. 597, to the end that the motion to recommit be rejected on the basis of the earlier voice vote. Agreed to without objection.
  • action
    On motion to recommit Failed by voice vote.
  • action
    POSTPONED PROCEEDINGS - The Chair put the question on passage of the bill, and by voice vote announced that the noes had prevailed. Ms. Maxine Waters (CA) demanded the yeas and nays, and the Chair postponed further proceedings on passage of the bill until later in the legislative day.
  • action
    Considered as unfinished business.
  • vote
    On passage Passed by the Yeas and Nays: 313 - 118 (Roll no. 576).
  • action
    Motion to reconsider laid on the table Agreed to without objection.
  • action
    Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
  • calendar
    Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 282.

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house Passed October 27th, 2015
    Roll Call Vote 313 Yea / 118 Nay
      house Committees
      Committee on Financial Services
    IntroducedJanuary 28th, 2015

Log in or create an account to see how your Reps voted!
    "The bank’s sole mission is to support American jobs by increasing our exports. That’s it. It helps small businesses go global. It helps American entrepreneurs take that next step. Plus, it costs the taxpayers nothing — all its money comes from its own operations. In fact, it actually generates money for the taxpayer. That’s how cost-effective it is." [bostonglobe.com]
    Like (12)
    Follow
    Share
    “At a time when almost every major corporation in this country has shut down plants and outsourced millions of American jobs, we should not be providing corporate welfare to multi-national corporations through the Export-Import Bank." [sanders.senate.gov]
    Like (37)
    Follow
    Share
    "It's sort of a featherbedding for politicians and others, and a few companies. And these are companies that can do very well without it. So I don't like it. I think it's a lot of excess baggage. I think it's unnecessary." [bloomberg.com]
    Like (23)
    Follow
    Share
    The loss of US jobs and competitiveness in the global markets has been linked to government coercion of the Free Market and labor force. When will people understand the government never makes anything better. Government only provides the bare minimum results at the highest price to the tax payer.
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    Roughly 80% of our GDP is generated by the combined efforts of small to mid-sized businesses, yet the power of corporate America, and the tax and legal breaks by which businesses are supposed to be given assistance, as well as profits are (as with the wealth of the nation) concentrated amongst a handful of large corporations. Ex-Im simply serves to continue benefitting most the companies whom need it the least, while those responsible for the actual strength and stability of our economy continue to struggle.
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    "We should push the bank to do more for small businesses... We should hold the Ex-Im Bank accountable if it fails to reach those goals." [thehill.com]
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    The subsidies given to foreign purchasers through Ex-Im do not “create or support” jobs, but instead “redistribute” them from unsubsidized firms to subsidized firms.
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    Raise the import tax and get Americans back to work so we're not dependant on other nations for the stuff that we need and make here.
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    This needs to change. No more foreign handouts. Spend tax dollars on domestic needs!
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    Alabama small business might use this financings to move products from machinery to wood
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    90% of transactions with the bank have been [involved] with small businesses, there is no need to reform this bank in any way.
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    ABSOLUTELY NOT!!! There is absolutely no need for the US taxpayer to float loans to large corporations. The market is flush with available credit! This is the worst type of crony capitalism and it needs to stay dead!
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    Privacy should trump all, that is the basis of our constitution! For those who say that China has full control of their networks, that is true. As they have nationalized their entire infrastructure. But they also limit an individuals access to anything outside their control. They will kick your door in and send a person to a re-education camp for attempting to post anything anti-government. If this is your idea of protecting the country, then move to China, Iran, North Korea, or any country that controls every aspect of their citizens lives!
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    We really should drop all subsidies. Let the free market work.
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    No more corporate welfare
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    Stop all crony capitalism. Business should succeed or fail on it's own merits, not those that are "chosen" to receive Government handouts
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    Not needed!
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    "Ex-Im should be phased out. We should find ways to lessen the contingent liability of the federal government." [bizjournals.com]
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    The bank should be reauthorized. Not clear it needs tone reformed.
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    Not until there's evidence proven in the number and kind of jobs created San sustained to benefit the taxpayers
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