Published in Last Word
ACEC Member Firms have lined up in support of the reauthorization of the U.S. Export-Import Bank, which 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.
House Republican leaders have targeted the Bank for elimination by letting the current authorization expire at the end of the fiscal year on September 30, 2014. ACEC is aggressively lobbying for reauthorization.
"We're a strong supporter of ACEC's efforts to continue funding for the Ex-Im Bank," said Richard Boehne, senior director, international programs at Merrick & Company.
“The Ex-Im Bank is an important partner with a key role in supporting the development of global infrastructure projects," said Black & Veatch Vice President Paul Weidaa. "It helps maintain a level playing field for U.S. companies in competition with sovereign-backed, international firms.”
Power Engineers CEO Jack Hand added: "The Ex-Im Bank has been a big help to our firm in the geothermal area in various countries. It has also been a player in numerous wind projects we've been involved with."
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