AJR 37 Summary

• Urges Congress to support legislation reauthorizing the Export-Import Bank of the United States (Ex-Im)
• Ex-Im financing of U.S. exports exceeded $35 billion in Fiscal Year 2012, assisting over 3,400 companies and supporting approximately 255,000 export-related jobs
• Ex-Im operates at no cost to taxpayers and generated $1.6 billion in excess revenue between 2008-09 and 2011-12 fiscal years
• Over the past five years, Ex-Im assisted more than 900 California companies, including nearly 200 women or minority-owned businesses and 668 small businesses, totaling more than $19 billion in sales
• Requires the Chief Clerk of the Assembly to transmit copies of the resolution to the President, Vice President, Speaker of the House, Senate Majority Leader, and all California members of Congress