BILL ANALYSIS �
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THIRD READING
Bill No: AJR 37
Author: Muratsuchi (D), et al.
Amended: 3/24/14 in Assembly
Vote: 21
ASSEMBLY FLOOR : 69-1, 3/24/14 - See last page for vote
SUBJECT : Export-Import Bank of the United States
SOURCE : Author
DIGEST : This resolution urges the United States Congress to
support legislation reauthorizing the Export-Import Bank of the
United States (Ex-Im).
ANALYSIS : This resolution makes the following legislative
findings:
1.The Ex-Im is a self-sustaining government agency responsible
for aiding the export of American goods and services, and
thereby creating and sustaining U.S. jobs, through a variety
of loan, guarantee, and insurance programs for small and large
businesses.
2.The Ex-Im has supported more than $400 billion in U.S. exports
in the past 70 years and helps to cover critical trade finance
gaps by providing financial assistance for U.S. exports in
developing markets where commercial bank financing is
unavailable or insufficient. In Fiscal Year 2012, Ex-Im
financing of U.S. exports exceeded $35 billion, assisting more
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AJR 37
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than 3,400 U.S. companies and supporting approximately 255,000
export-related American jobs.
3.California is currently ranked second in exports among all
states. If California's manufacturing base is to grow, we
must continue to expand our ability to export goods from
California facilities. Given the key role the Ex-Im plays in
facilitating export sales, failure to reauthorize it would be
devastating to existing industry and to those that we hope to
create in the future.
4.Reauthorization of the Ex-Im is critical to the ability of
many U.S. exporters to compete on a level playing field in a
commercial market where current and future competitors
continue to enjoy aggressive support from their countries'
export credit agencies; and failure to reauthorize the Ex-Im
will amount to unilateral disarmament in the face of other
nations' aggressive trade finance programs that favor their
domestic companies over American companies.
5.Economic growth depends on increasing exports from both small
and large manufacturers and service providers in California
and reauthorization means support for California exports and
California jobs.
This resolution urges the U.S. Congress to support legislation
reauthorizing the
Ex-Im.
FISCAL EFFECT : Fiscal Com.: No
SUPPORT : (Verified 4/2/14)
California Chamber of Commerce
California Manufacturers & Technology Association
Orange County Business Council
The Boeing Company
Torrance Area Chamber of Commerce
ARGUMENTS IN SUPPORT : The California Chamber of Commerce
states that this resolution urges congressional reauthorization
of Ex-Im which will enable U.S. companies to turn export
opportunities into real sales that help to maintain and create
U.S. jobs and contribute to a stronger national economy.
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AJR 37
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ASSEMBLY FLOOR : 69-1, 3/24/14
AYES: Achadjian, Allen, Ammiano, Atkins, Bloom, Bocanegra,
Bonilla, Bonta, Bradford, Brown, Buchanan, Ian Calderon,
Campos, Chau, Chesbro, Conway, Cooley, Dababneh, Daly,
Dickinson, Eggman, Fox, Frazier, Garcia, Gatto, Gomez,
Gonzalez, Gordon, Gorell, Gray, Grove, Hagman, Hall, Harkey,
Roger Hern�ndez, Holden, Jones-Sawyer, Levine, Linder, Logue,
Lowenthal, Maienschein, Medina, Melendez, Mullin, Muratsuchi,
Nazarian, Olsen, Pan, Patterson, Perea, V. Manuel P�rez,
Quirk, Quirk-Silva, Rendon, Ridley-Thomas, Rodriguez, Salas,
Skinner, Stone, Ting, Wagner, Waldron, Weber, Wieckowski,
Wilk, Williams, Yamada, John A. P�rez
NOES: Donnelly
NO VOTE RECORDED: Alejo, Bigelow, Ch�vez, Dahle, Fong, Beth
Gaines, Jones, Mansoor, Morrell, Nestande
MW:nl 4/8/14 Senate Floor Analyses
SUPPORT/OPPOSITION: SEE ABOVE
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