OREANDA-NEWS. GE Chairman and CEO Jeff Immelt today issued the following statement on the reauthorization of the Export-Import Bank, which was approved by Congress as part of a long-term transportation bill:

“Congress did the right thing today when it voted to reauthorize the U.S. ExIm bank.  On behalf of our employees and suppliers across the country, we applaud the leaders in both the House and Senate who made this possible.  It is excellent news for workers and businesses large and small who can now confidently compete and win deals globally.”

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GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry.