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    This page contains bill sponsorships in the Senate and House. Bill sponsorships indicate the topics that legislators are most interested in, and spend the most time on.

15-S824 on Mar 19, 2015

Bill Sponsorship: H.R.1031 & S.824
Source: Promoting U.S. Jobs Through Exports Act
This bill raises the cap on outstanding loans, guarantees, and insurance of the Export-Import Bank of the United States for FY2015-FY2022 and afterwards. The Bank shall:
  • Provide technical assistance to small businesses on how to apply for financial assistance from the Bank;
  • Establish programs under which private financial institutions may share risk in the loans, guarantees, and other Bank products in exchange for receiving fees received from program participants.
  • The Bank may enter into up to $25 billion worth of contracts of reinsurance, co-finance, or other risk-sharing arrangements on its portfolio or individual transactions with insurance companies, financial institutions, or export credit agencies.

Opponents reasons for voting NAY: (Washington Examiner, 12/2/12): The Export-Import Bank is a taxpayer-backed agency that finances U.S. exports, primarily though loan guarantees. You'd think the bank would spread the money around to nurture up-and-coming businesses. You'd be wrong, very wrong. In fact, 83% of its taxpayer-backed loan guarantees in 2012 went to just one exporter: Boeing. Welcome to the "New Economic Patriotism," where the big get bigger and taxpayers bear the risk. Ex-Im is at the heart of Obama's National Export Initiative and is a pillar of the economic patriotism that Obama pledged in a second term. When government hands out more money, the guys with the best lobbyists and the closest ties to power will disproportionately get their hands on that money. Obama has spent four years pushing more subsidies, more bailouts and more regulations. "New Economic Patriotism" basically amounts to a national industrial policy -- Washington championing certain major domestic companies and industries, as if the global economy were an Olympic competition. Also see equivalent House bill H.R.1031

    Participating counts on VoteMatch question 13. Question 13: Support & expand free trade Scores: -2=Strongly oppose; -1=Oppose; 0=neutral; 1=Support; 2=Strongly support.
  • Topic: Free Trade
  • Headline: $25B more loans from Export-Import Bank (Score: 2)
  • Headline 2: $25B more loans from Export-Import Bank (Score: 2)

  • Key for participation codes:
  • Sponsorships: p=sponsored; o=co-sponsored; s=signed
  • Memberships: c=chair; m=member; e=endorsed; f=profiled; s=scored
  • Resolutions: i=introduced; w=wrote; a=adopted
  • Cases: w=wrote; j=joined; d=dissented; c=concurred
  • Surveys: '+' supports; '-' opposes.

Democrats participating in 15-S824

Tammy Baldwin s1oWI Democratic ChallengerMay 12, 2015
Richard Blumenthal s1oCT Democratic Sr SenatorMar 19, 2015
Cory Booker s1oNJ Democratic ChallengerApr 13, 2015
Barbara Boxer s1oCA Democratic Jr Senator (retiring 2016)Apr 13, 2015
Richard Durbin s1oIL Democratic Sr SenatorApr 20, 2015
Dianne Feinstein s1oCA Democratic Sr SenatorMar 19, 2015
Al Franken s1oMN Democrat/DFL Jr Senator (resigned 2017)Mar 19, 2015
Ed Markey s1oMA Democratic ChallengerMar 23, 2015
Jeff Merkley s1oOR Democratic Jr SenatorApr 29, 2015
Jeanne Shaheen s2pNH Democratic Sr Senator
Sheldon Whitehouse s1oRI Democratic Jr SenatorApr 21, 2015

Republicans participating in 15-S824

Independents participating in 15-S824

Total recorded by OnTheIssues:

Democrats: 11
Republicans: 0
Independents: 0

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