Time to reauthorize the Ex-Im Bank

U.S. companies are starting to feel the pinch from Congress killing the Export-Import Bank in June. Congress’ move is increasingly putting U.S. manufacturers at a competitive disadvantage.

Not only are we losing orders to foreign competitors, but some domestic manufacturers are shifting jobs to countries where those banks exist.

General Electric announced plans to move 350 jobs from its Waukesha, Wis., gas engine plant to a factory in Canada, which has its own export-import bank. The company, which supplies jet engines to Boeing, says that financing from an export credit agency is required for...