Despite its four-year renewal, the Export-Import Bank of the U.S. is still facing some issues, namely the absence of the required three-board-member quorum to approve insurance, loans or guarantees above $10 million.
Late last week, President Obama signed into law a five-year transportation package which included a provision to reauthorize the Export-Import Bank, something NSBA supported.
On Feb. 5, the Department of Commerce released their FY 2014 export data showing that U.S. exports of goods and services reached a record of $2.345 trillion, a 2.9 percent increase and set a record for the fifth year in a row.
