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Nuclear Energy Institute
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Nuclear Industry Lauds House Passage Of Legislation To Reauthorize Ex Im Bank

WASHINGTON, D.C.—The Nuclear Energy Institute’s Richard Myers, vice president for policy development, planning and supplier programs, made the following remarks in reaction to the U.S. House of Representatives’ approval today of the Securing American Jobs Through Exports Act of 2011. The legislation reauthorizes the Export-Import Bank of the United States for three years with a lending authority that would increase to $140 billion.

“The nuclear energy industry applauds the House vote on this legislation, which is critical for U.S.-based suppliers of commercial reactors and components. Reauthorization of
Ex-Im Bank will enable U.S. suppliers to compete for international tenders on a more level playing field by offsetting the advantage provided by other countries’ export credit agencies.

“The global nuclear energy market is valued up to $740 billion over the next decade, according to the Department of Commerce. Capturing a share of this market would sustain the creation of tens of thousands of high-paying jobs and extend U.S. influence over nonproliferation policy and nuclear plant safety.

“The nuclear energy industry urges Senate leaders to approve companion legislation soon.”