WASHINGTON, June 16 -- Sen. Jack Reed issued the following press release:
U.S. Senator Jack Reed (D-RI) is teaming up with Senate Minority Leader Chuck Schumer (D-NY) and fellow Democrats on new legislation to modernize and expand the U.S. Export-Import (Ex-Im) Bank's mission and strengthen domestic manufacturing and national security while addressing affordability.
Authorizing and expanding the Make More in America Act would rebuild American manufacturing capacity in industries critical to our economy and national security, reducing the country's dangerous dependence on foreign supply chains, especially in China, and help create good-paying jobs across the country.
Specifically, the bill would direct more Ex-Im Bank loans to small and m...