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GE HIGHLIGHTS THE IMPORTANCE OF EX-IM BANK REAUTHORIZATION

General Electric Co. said that it plans to put 400 jobs in France instead of at its power turbine plant in Greenville, S.C. and two other U.S. locations because Congress didn’t re-authorize the Export-Import Bank of the United States, as reported by Dolph Bell of the Greenville News. Ted Pitts, president of SC Chamber, had this comment: “When American businesses are hurting because the federal government puts politics ahead of competitiveness, the unfortunate consequence is that jobs suffer, and that is why the SC Chamber continues to fight for the reauthorization of the Ex-Im Bank. This announcement extends beyond GE to the many small businesses across South Carolina that work with GE and will also suffer as a result of more inaction from Washington. Congress should stop stalling and take the vote to reauthorize the bank for the sake of American jobs and business – Washington putting politics over jobs is the reason Americans are fed up with Congress.”

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