NEI Nuclear Notes

Later today, Rep. Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee (HFSC) will be holding a briefing for House members on the Ex-Im Bank. Recently, the majority staff at Hensarling's committee published their list of " 5 Things to Know About the Export-Import Bank ." We think the title of the blog is something of a misnomer. Instead, the piece should have been titled, " 5 Myths About the Export-Import Bank ." Here's our point-by-point rebuttal: 1. The Ex-Im Bank doesn’t create jobs. Why this is wrong : The Ex-Im Bank supports just 2 percent of all U.S. exports, which from 2007 to 2014 amounted to $240 billion of export assistance. In terms of jobs, that’s support for 1.5 million U.S. employees. According to the Bank, every $1 billion in export assistance supports 6,390 U.S. jobs. Countless testimonials by large, medium, and small businesses state that their ability to export would simply not occur without the Bank's ass...

At 10:00 a.m. tomorrow morning the House Financial Services Committee will be holding a hearing of the reauthorization of the U.S. Export-Import Bank . The chairman of the committee, Rep. Jeb Hensarling (R-TX), is a long-time opponent of the Bank and the hearing will be stacked (mostly) with witnesses who agree. To get the other side of the story, we've compiled a number of links and resources for you to consider. Earlier this year, our own Ted Jones laid out the reasons why NEI supports reauthorization of the bank, listing his top 5 reasons why exporters continue to need the critical help it provides in international markets . On Monday, NEI, along with over 800 other organizations, sent an open letter to the U.S. Congress urging them to support reauthorization of the bank . Here's an excerpt on why we believe eliminating the Ex-Im Bank amounts to unilateral disarmament in international trade: Failure to reauthorize Ex-Im would amount to unilateral disarmament in the ...