Washington, DC – Today, National Foreign Trade Council (NFTC) President Bill Reinsch issued the following statement applauding House approval of legislation to reauthorize the Export-Import Bank of the United States (Ex-Im Bank).
“Today’s vote to reauthorize the Ex-Im Bank’s charter in the House is a welcome step toward reinstating this important institution and securing U.S. jobs, export potential and economic growth.
“For more than 70 years, the Ex-Im Bank has been effective in providing critical financing to U.S. companies acting in an increasingly competitive global economy. Since the Bank’s charter expired at the end of June, we’ve already seen the implications for U.S. jobs and businesses across the economy. Today’s action signals important forward movement toward addressing the many negative effects of the lapse of the Bank’s charter.
“We applaud members of the House for their support and urge the Senate to act swiftly to deliver a bill to the President’s desk and put the Ex-Im Bank back in business without further delay.”
Yesterday, NFTC President Bill Reinsch sent a letter to members of the House urging their support of H. Res. 450 and the Fincher-Kirk-Heitkamp reauthorization of the Export-Import Bank.
About the NFTC
Serving America’s Global Businesses Since 1914 – 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.