Hensarling Says End of Ex-Im Won’t Send Work Outside U.S.

The Republican chairman of the House Financial Services Committee rejects reports that Boeing Co. or other companies might move production overseas if Congress doesn’t reauthorize the U.S. Export-Import bank.

Representative Jeb Hensarling, a Republican from Texas and chairman of the House Financial Services Committee, makes an opening statement during a hearing with Julian Castro, secretary of U.S. Housing and Urban Development (HUD), not pictured, hearing in Washington, D.C., U.S., on Wednesday, Feb. 11, 2015.
Photographer: Andrew Harrer/Bloomberg

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By Kathleen Miller and James Rowley

May 19, 2015 at 4:37 PM UTC

Updated on

May 19, 2015 at 9:24 PM UTC

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The Republican chairman of the House Financial Services Committee rejected reports that Boeing Co. or other companies might move production overseas if Congress doesn’t reauthorize the U.S. Export-Import bank.

“I doubt I believe it,” Representative Jeb Hensarling of Texas said at a Washington press conference Tuesday about whether failing to extend the bank’s charter would drive major corporations out of the U.S. “I think it’s frankly a bit of bluster.”