Rep. Denny Heck
Photo credit: Greg Nash
– “Export-Import Bank: Lawmakers praised for persistence — and more — as Obama signs bill”
“The Washington congressional delegation basked in praise Friday [Dec. 4] as President Obama signed a big transportation bill that revives the U.S. Export-Import Bank and allows 228 state exporters — most notably Boeing — to finance sales of their wares.”
“The government agency, which guarantees financing for exports, was marked for extinction by powerful conservative billionaires Charles and David Koch, and such lobbies as the Club for Growth. The chairman of the House Financial Services Committee refused to allow a vote on renewing the bank. Senate Majority Leader Mitch McConnell would not allow the Senate to do a stand-alone vote on its renewal.
The Export-Import Bank legislation was pried loose through a procedural move used just three times in the history of the U.S. House of Representatives. It’s called a discharge petition. A majority of 219 House members signed a petition to force a floor vote, including 42 Republicans. Reichert and Rep. Dan Newhouse, R-Wash., signed along with all six Democrats in the Washington delegation.
‘For a member of the majority party to do this is a mini-profile in courage, said Rep. Denny Heck, D-Wash., who sits on the Financial Services panel. Despite his campaign slogan, ‘Give ‘Em Heck,’ Heck raised hell when Rep. Jeb Hensarling, R-Texas, chairman of the committee, refused to allow a vote.
Ultimately, renewal of the Export-Import Bank was attached to a must-pass, five-year, $305 billion transportation bill. It went to the Senate and passed by an 83-16 vote,” by Joel Connelly, Seattle P-I.
CONGRATULATIONS to Rep. Heck for his bold stance.
The Export-Import Bank is important because their financing guarantees support of U. S. businesses like Boeing. Rep. Heck fought for reviving the Bank because WA is the number one user of their financing programs.