WASHINGTON, D.C. – In response to an announcement today by General Electric that employees at its Power and Water Plant in Bangor will lose their jobs due to the expiration of the Export-Import (Ex-Im) Bank, U.S. Senators Susan Collins and Angus King released the following statement:

“This is exactly why we voted to reauthorize the Ex-Im Bank in July. The bank provides capital for innovative export opportunities that support American manufacturing jobs,” Senators Collins and King said in a joint statement. “The news today is a significant blow for hardworking Mainers at the Bangor plant. We will continue to urge our colleagues in Congress to renew its charter, so that we can help workers in Maine and around the country compete internationally on a level playing field.”

The Export-Import Bank’s charter expired on June 30^th. In July, Senators Collins and King supported an amendment to the highway funding bill that would have reauthorized the Export-Import Bank.

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