
Export Resources
May 4, 2022 8:30 pmIf you missed NSBA's recent webinar with EXIM Bank, you can get all the great information here and start expanding your export operations today.
If you missed NSBA's recent webinar with EXIM Bank, you can get all the great information here and start expanding your export operations today.
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.
Last week, Ex-Im Bank released its 2015 Annual Report, highlighting its $12.4 billion in total authorizations which supported more than $17 billion in U.S. exports.
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.
The Export-Import Bank of the U.S. is set to be renewed for more than four years as part of the long-term highway bill reported out by conferees on Dec. 1.
Last night, majorities of both parties in the House voted overwhelmingly (313-118) in favor of reauthorizing Ex-Im Bank, nearly four months after partisan politics shut it down.
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.
Ex-Im Bank is one step closer to being reauthorized, after Rep. Stephen Fincher (R-Tenn.) filed a discharge petition--the first successful one of its kind in nearly a decade--to force a floor vote in the House on legislation to renew Ex-Im. The move to save Ex-Im represents the first successful discharge petition in nearly a decade, as it is a rare legislative procedural maneuver that bypasses the usual process of moving legislation through a committee to the House floor. Last week, approximately 42 Republicans joined nearly every Democrats to reach the necessary signatures needed to force a vote—expected on Oct. 26—to renew Ex-Im’s charter. Rep. Maxine Waters (D-Calif.), the ranking Democrat on the House Financial Services Committee, became the 218th signature on the Ex-Im discharge petition, setting the bill up for a full House vote likely later this month.
A group of House Republicans are attempting to reauthorize Ex-Im Bank through a rare legislative procedural maneuver that would bypass the process of moving legislation through a committee to the House floor.
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.