Senate votes to resurrect the Export-Import Bank.
The Coalition for Employment through Exports (CEE) responds to conservative attacks upon the critical role that Ex-Im Bank plays in supporting exports and U.S. jobs.
Small businesses and mid-market companies depend on Ex-Im Bank financing programs to enable them to expand, create and support more U.S. jobs.
Export Credit Agencies (ECAs) facilitate and support a country’s exports. As competitor ECAs become larger, more proactive and aggressive, U.S. companies lose out.
If the Ex-Im Bank is not reauthorized, hundreds of thousands of jobs will be lost and U.S. companies will seek more supportive business climates abroad.
Unfortunately, there remains considerable uncertainty about how it will be received in the house. Majority Leader McCarthy on Monday declared that the House will not take up H.R. 22, preferring the House’s original five-month Highway bill. It is understood that if the Congress reverts back to a short term Highway bill, the Kirk Amendment will not be included.
The Top 10 Things Everyone Should Know About the Export-Import Bank
Recently, Republican Senator Ted Cruz and his colleagues on the far right called their successful efforts to block renewal of the charter of the U.S. Export-Import Bank an “important victory.” Unfortunately, their “victory” may cost many Americans their jobs.