Congressman Tim Ryan Statement on the Expiration of the Export-Import Bank's Charter

Jul 1, 2015 Issues: Helping Working Families

Washington, DC – Congressman Tim Ryan today released the following statement regarding the expiration of the Export-Import Bank’s charter at midnight tonight:

"Instead of standing with American manufacturing, businesses and workers, Congressional Republicans are allowing the Export-Import Bank’s charter to expire at midnight tonight. Since 2007, the Export-Import Bank has supported 15,300 jobs in Ohio and 1.5 million jobs nationwide.

"As American businesses are facing increased competition on the global market, now is not the time to shut down this critical resource. Allowing the Export-Import Bank to shutdown is bad for businesses, bad for workers and bad for our nation. I call on Congressional Republicans to come to their senses and end this destructive cycle of economic uncertainty."