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