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Brown lobbies Ohioans to keep the Export-Import bank going
Democratic U.S. senator says the self-sustaining bank is crucial for manufacturing; critics say it risks tax money

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M.L. Schultze
Ohio's Democratic Sen. Sherrod Brown says 350 Ohio companies have benefited from the bank.
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Congressional authorization for the Export-Import Bank expires at the end of this month. And Ohio’s U.S. Sen. Sherrod Brown says that’s more than an abstract deadline for Ohioans. He’s pushing for reauthorization of the self-sustaining institution that provides financing for American businesses to boost exports.

LISTEN: Brown on the bank's history and battle

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“We know the Export-Import Bank helps to create jobs, mostly manufacturing jobs for export, mostly good-paying jobs. In the history of the EXIM bank’s 70 years, there’s only been one time when there wsa even a vote in Congress. It was always unanimous other than that. And now, because of some right-wing ideaologues, they’ve decided that the EXIM bank doesn’t make sense for our country.” 

Brown estimates 350 Ohio companies – two-thirds of them smaller businesses – will be affected by if the bank goes out of existence.

Conservative critics maintain the bank  puts tax dollars at risk and is an inappropriate role for government.


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