Manufacturers welcome long-term highway bill passage.
Press Release Summary:
NAM President and CEO Jay Timmons issued statement after the House passed a well-funded, long-term highway bill, which includes critical language to reauthorize the U.S. Export-Import Bank. According to Timmons, the vote paves the way for modernizing America’s aging infrastructure, reauthorizing a critical trade resource and catching up to compete with the rest of the world. Manufacturers’ success depends on the ability to transport goods and products to consumers and reach new markets.
Original Press Release:
Manufacturers Welcome Long-Term Highway Bill Passage
Reauthorization of Ex-Im Bank Must Remain Priority in Next Steps by Mallory Micetich
Washington, D.C., – National Association of Manufacturers President and CEO Jay Timmons issued the following statement after the House passed a well-funded, long-term highway bill, which includes critical language to reauthorize the U.S. Export-Import (Ex-Im) Bank:
“Today’s vote paves the way for modernizing America’s aging infrastructure, reauthorizing a critical trade resource and catching up to compete with the rest of the world.
“While Congress spent years delaying and debating this issue, the United States fell behind on our infrastructure obligations as our foreign competitors invested in theirs. Manufacturers’ success depends on the ability to transport goods and products to our consumers and reach new markets, so it’s inexcusable that Congress wasted so much time and gave other countries a competitive advantage. This long-term highway bill is an important and overdue step forward to ending the counterproductive cycle of stop-gap renewals and to building our future again.
“Manufacturers need every competitive tool to grow and create jobs; the Ex-Im Bank is one of those tools and has yet again earned bipartisan support in Congress. As the bill goes to conference, we urge lawmakers to keep Ex-Im reauthorization as part of the final language. It is time to stop these self-inflicted wounds and get solutions to the President’s desk.”
For more information about manufacturers and our infrastructure and transportation priorities, visit our website.
The National Association of Manufacturers (NAM) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12 million men and women, contributes $2.09 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.
- See more at: http://www.nam.org/Newsroom/Press-Releases/2015/11/Manufacturers-Welcome-Long-Term-Highway-Bill-Passage/#sthash.d1TXMJt5.dpuf
