NAM Calls for Reauthorization of Export-Import Bank

In a letter coordinated by the National Association of Manufacturers and the U.S. Chamber of Commerce, more than 1,000 companies and associations representing businesses, manufacturers and their employees from all 50 states, today urged Congress for quick action on a long-term reauthorization of the U.S. Export-Import (Ex-Im) Bank.

“Failure to secure a long-term reauthorization of Ex-Im would amount to unilateral disarmament in the face of other governments’ far more aggressive export credit programs, which have provided their own exporters with significant financing support in recent years,” said the over 1,000 companies and associations in the letter. “If Ex-Im is not reauthorized before June 30, American companies would be put at a unique disadvantage in global markets, resulting immediately in lost sales and lost jobs. U.S. businesses of all sizes would be deprived of a vital financing source at a time when boosting exports is increasingly vital to growing our nation’s economy and jobs.”

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