NSBA earlier this week urged lawmakers to approve the nominations to Ex-Im Bank's Board of Directors in order to ensure Ex-Im functions properly.
Tag Archive: ex-im bank
Lawmakers will hear from Trump's nominee to head Ex-Im Bank this week, an agency that has been hobbled in the last two years by partisan political motives.
According to the White House, Deputy U.S. Trade Representative (USTR) Jeffrey Gerrish will be named Acting President of the Export-Import Bank of the U.S. (Ex-Im) while maintaining his position at the USTR office.
Recently, Commerce Secretary Wilbur Ross signaled support for Ex-Im Bank—or a similar mechanism—to help bolster U.S. exports.
NSBA and SBEA applaud passage in the House of reauthorizing language for Ex-Im Bank nearly four months after partisan politics shut down Ex-Im. The House voted overwhelmingly in support of the Bank with 313 lawmakers finally getting the opportunity to express their views on the record.
Tomorrow, a House Foreign Affairs Subcommittee will hold a hearing on Ex-Im Bank, which follows the efforts of bipartisan leaders who broke the stalemate and paved a path for an upcoming vote on reauthorization.
On Sept. 25, legislation was introduced in the House to reauthorize Ex-Im Bank, and could stand a bettter chance given Speaker Boehner's imminent departure, given he is no longer beholden to the Bank’s powerful opponents.
At the end of this week, all of Congress will begin their August recess during which they will tend to district matters, constituent meetings and ongoing fundraising efforts. Unfortunately, their to-do list remains long and challenging.
The House Rules Committee narrowly rejected an amendment to attach reauthorization of Ex-Im Bank to the short-term highway funding bill—a measure which appears likely to pass both the House and Senate this week.
Last week, the Senate—in a primarily symbolic procedural vote—demonstrated broad support for a long-term reauthorization of the Export-Import Bank of the U.S. (Ex-Im) with 65 Senators voting in support of the Bank.