Congress fails to reauthorize the Export-Import Bank.
The Bank is now closed for business.
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.
We have identified projects and export transactions amounting to more than $20 billion now in jeopardy because of the shutdown of the Ex-Im Bank. Just as critical is the situation faced by small and medium sized exporters across the country whose ability to export, and even manufacture their products, is compromised by Congress’ failure to keep the Bank’s programs open. As their working capital guarantees expire, or their ability to finance their export transactions on a competitive basis disappears with the shutdown of Ex-Im, U.S. businesses and the jobs they support will increasingly suffer. The adverse impact of the shutdown will also be felt by the tens of thousands of supplier companies that support both small and large exporters.
The effort to reauthorize the Bank must continue. Please contact your Congressional representatives and urge in the strongest terms the need for a functioning Ex-Im Bank.
The Export-Import Bank of the United States’ charter expired June 30, 2015 and consequently can no longer provide credit and insurance to American companies to help them sell products abroad.