Call For Urgent Action on Reauthorization of Export-Import Bank

More than 1,000 companies and associations (Tacoma-Pierce Co. Chamber on page 11), representing businesses and their employees from all 50 states, today called on Congress for quick action on a long-term reauthorization of the U.S. Export-Import Bank (Ex-Im) in a letter coordinated by the U.S. Chamber of Commerce and the National Association of Manufacturers (NAM),

“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 more than 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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