Washington DC – National Foreign Trade Council (NFTC) President Bill Reinsch today released the following statement on congressional passage of a nine-month extension of the Export-Import Bank (Ex-Im Bank) charter.
“NFTC applauds today’s passage of a short-term extension of the Ex-Im Bank charter, preventing the Bank’s authorization from lapsing at the end of this month, which would have negatively impacted the ability of U.S. exporters to compete in the global marketplace.
“The Bank has and continues to provide crucial support for U.S. exporters, especially small and medium-sized companies, in an increasingly competitive global market.
“While today’s extension is positive news, we urge Congress to act on long-term reauthorization as soon as possible rather than risk expiration again in nine months. Congress can ensure U.S. exporters have the support they need to continue to contribute to U.S. economic growth and job creation by passing a long-term reauthorization bill.”
In support of Ex-Im Bank reauthorization, NFTC joined a group of associations last week in sending a letter
to Speaker of the House John Boehner, Senate Majority Leader Harry Reid, House Minority Leader Nancy Pelosi and Senate Minority Leader Mitch McConnell to stress the importance of the issue.
About the NFTC
NFTC is Celebrating our New Century in 2014! Details at www.nftc.org 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. Follow us on: