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Congressman Boyle Votes to Reopen Job-Creating Export-Import Bank

October 28, 2015
Press Release

Washington, D.C. –  Today, Congressman Brendan Boyle (D-PA-13)  voted with 312 other Democratic and Republican colleagues in the House to pass H.R. 597, a bipartisan bill to reauthorize the job-creating Export-Import Bank. 

The Export-Import Bank helps level the playing field for American manufacturers and small businesses hoping to compete and sell their goods in foreign markets and succeed in the global economy.  At absolutely no cost to taxpayers, the bank directly supported 164,000 American export-related jobs in the last year alone, and has created or sustained 1.5 million private sector jobs since 2007.

In the 13th U.S. Congressional District in Pennsylvania, 21 companies were impacted by the expiration of the Export-Import Bank:

 

 

Exporter

 

 

City

 

 

 

Product

Total Insured Shipments, Guaranteed Credit/Disbursed Loan

 

 

Total Export Value

 

 

Agusta Aerospace Corporation

Philadelphia

 

Transportation Equipment Mfg/ Sales

$76,269,094

$89,728,346

American Refining Group, Inc.

Conshohocken

 

Petroleum and Coal Products Mfg/Sales

$66,885,740

$66,885,740

Asi Technologies, Inc

Montgomeryville

 

Machinery Mfg/Sales

$14,728,220

$14,728,220

Atd-American Co.

Wyncote

 

Textile Mills, Products/Sales

$116,597

$116,597

Aztec Products, Inc.

Montgomeryville

 

Machinery Mfg/Sales

$59,200

$59,200

Delaware Valley Fish Company

Norristown

 

Food Mfg/ Sales

$149,550

$149,550

Electro-Science Laboratories, Inc.

King Of Prussia

 

Chemical Mfg/Sales

$4,704,313

$4,704,313

Intl Metals And Chemical Group

Jenkintown

 

Misc Mfg/Sales  Non Capital Equipment

$40,500,000

$125,000,000

Kingsbury Inc.

Philadelphia

 

Machinery Mfg/Sales

$123,204

$169,753

Metal Edge International, Inc.

North Wales

 

Paper Mfg/Sales

$1,820,401

$1,820,401

National Label Company, Inc.

Lafayette Hill

 

Administrative, Mangement/ Support Services

$6,300,000

$38,000,000

Nextdocs Corporation

King Of Prussia

 

Professional, Scientific/Technical Services

$7,820,476

$7,820,476

Philadelphia

Gear Corp.

Norristown

 

Machinery Mfg/Sales

$63,157

$78,937

Philadelphia Scientific LLC.

Montgomeryville

 

Electrical Equipment Mfg/Sales

$309,920

$309,920

Precision Metal Services, Inc.

Montgomeryville

 

Primary Metal Mfg/Sales

$354,636

$354,636

R & M International Sales Corp.

Fort Washington

 

Misc Mfg/Sales Non- Capital Equipment

$6,840,000

$35,600,000

 

R & M International Sales Corp.

 

Fort Washington

 

 

Misc Mfg/Sales Non-Capital Equipment

 

$439,380

 

$439,380

Recycling Paper Partners Of Pa

Conshohocken

 

Administrative, Management/Support

$336,806

$336,806

 

S.b. Global Foods, Inc

Montgomeryville

 

Food Mfg /Sales

$5,818,287

$5,818,287

 

Sapling, Inc.

Huntingdon Valley

 

Misc Mfg/Sales

$1,804,155

$1,804,155

 

Wesco Industrial Products, Inc.

North Wales

 

Machinery Mfg/Sales

$228,400

$228,400

 

                   

 

“It has been nearly four months since the charter for the Export-Import Bank expired. Four months of lost economic opportunity for businesses large and small in the 13th District and across Pennsylvania,” said Congressman Boyle. “Today, I stood with virtually all my Democratic colleagues and over 120 Republicans brave enough to buck their leadership and proudly voted to pass and send to the Senate the bipartisan Kirk-Heitkamp bill to reauthorize the Export-Import Bank, which the Senate passed earlier as an amendment to the Highway bill.”

On October 9, after months of inaction by House Republican leaders, Rep. Boyle along with 175 Democrats and 42 Republicans took historic action and signed a discharge petition to force the House Republican leadership to bring H.R. 597 reauthorizing the Ex-Im Bank to a vote. Last night, the House voted to discharge the bill and begin debate on the legislation. Today, the House passed the bill by a vote of 313-118.

“The American manufacturers and small businesses that the Ex-Im Bank supports are the backbone of the American economy. Pennsylvania businesses, workers and the communities they support will benefit from the Bank’s reauthorization. That we had to literally force this critical legislation to the floor with a rarely successful procedural measure is shameful,” concluded Congressman Boyle. “I am glad that a number of my Republican colleagues finally put partisan politics aside to work with us to send this bipartisan bill to the Senate and then onto the President for his signature.”  

 

 

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