Full Text of HR0304 099th General Assembly
HR0304 99TH GENERAL ASSEMBLY |
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| 1 | | HOUSE RESOLUTION
| 2 | | WHEREAS, Illinois is the largest exporting state in the | 3 | | Midwest and the fifth largest in the United States; and
| 4 | | WHEREAS, The Export-Import Bank of the United States is the | 5 | | official export credit agency of the United States; and
| 6 | | WHEREAS, The Export-Import Bank finances sales of United | 7 | | States exports to international buyers while insuring foreign | 8 | | purchases of American goods for customers who do not want or | 9 | | cannot accept credit risk; and
| 10 | | WHEREAS, The Export-Import Bank is crucial for small and | 11 | | large businesses to compete in the global market, increase | 12 | | their exports, stimulate job creation, and contribute to the | 13 | | growth of the Illinois economy; and
| 14 | | WHEREAS, Since 2007, over 383 Illinois businesses have | 15 | | exported their products overseas thanks to the Export-Import | 16 | | Bank, of which 250 are small businesses, 22 are minority-owned, | 17 | | and 25 are owned by women; and | 18 | | WHEREAS, The Export-Import Bank has helped support exports | 19 | | as the fastest-growing segment of the Illinois economy, | 20 | | accounting for nearly 14% of the Gross State Product and |
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| 1 | | sustaining 210,913 jobs; and
| 2 | | WHEREAS, Fifty-nine countries, including China, France, | 3 | | Germany, Brazil, Canada, and Korea, have export credit agencies | 4 | | that are similar to the Export-Import Bank; and
| 5 | | WHEREAS, The majority of Illinois businesses do not have | 6 | | the global presence necessary to compete against foreign | 7 | | companies that receive support from their national export | 8 | | credit agency; and | 9 | | WHEREAS, The Export-Import Bank is financially | 10 | | self-sustaining, resulting in almost $2 billion of profit for | 11 | | taxpayers that has helped to reduce the federal deficit over | 12 | | the last 2 years; and
| 13 | | WHEREAS, The Export-Import Bank helps Illinois businesses | 14 | | to successfully compete in the global economy against foreign | 15 | | corporations; and
| 16 | | WHEREAS, Without swift action, American industries will be | 17 | | at a competitive disadvantage to foreign competitors in the | 18 | | global marketplace, hindering the economic vitality of | 19 | | Illinois; and | 20 | | WHEREAS, The Export-Import Bank provides the necessary |
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| 1 | | tools for economic recovery, future growth, and jobs for the | 2 | | State of Illinois; therefore, be it
| 3 | | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE | 4 | | NINETY-NINTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that we | 5 | | strongly encourage Congress to pass a long-term | 6 | | reauthorization of the Export-Import Bank before its charter | 7 | | expires on June 30, 2015; and be it further
| 8 | | RESOLVED, That a suitable copy of this resolution be | 9 | | delivered to the members of the Illinois congressional | 10 | | delegation.
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