John Hardy, President of CEE, said, “We are grateful to the Senate for the bipartisan work to provide the Bank with the authority needed for it to continue its critical role supporting small and large exporters. With the extension of the Charter expiring at the end of May, we hope the President will sign H.R. 2072 into law at his earliest convenience. The three-year extension and healthy increase in lending level sends the right message to our foreign competitors – American companies that export have the support of their government to level the playing field and help make those sales.”
The legislation also contains language that ensures support for the textile industry, tightens auditing rules, looks to broaden content requirements to support even more U.S. industries, and provides more transparency regarding transactions the Bank is considering.
About the NFTC
Advancing Global Commerce for Nearly A Century- The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.
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