Published in Last Word
Following House Majority Leader-elect Kevin McCarthy's statement that the charter of the Export-Import Bank of the United States should be allowed to expire on September 30, ACEC has ramped up its lobbying efforts to prevent the Bank's expiration.
In a strongly worded letter sent to all members of the House and Senate, ACEC stated, "Failure to act on a long-term reauthorization threatens many American jobs that depend directly or indirectly on the Bank's crucial export financing."
The Ex-Im Bank finances and insures foreign purchases of United States goods and services, enabling American firms to compete against those of other countries whose governments actively support their financing efforts.
To view the letter, click here.
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