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.
Tag Archive: Senate Banking Committee
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.
With only 77 days left until the current authorization for the Export-Import Bank expires, Congress continues to wrestle with what to do about its future. NSBA is urging members to contact their lawmakers in support of the Bank.
On June 6, the U.S. Senate Banking Committee approved Fred P. Hochberg’s, second four-year term as Chairman and President of the Export Import Bank of the U.S. 20-2.His nomination now heads to the Senate which must act before July 20 when his current term extension ends.