Today, NAM’s Vice President for International Economic Affairs, Frank Vargo, made the case for reauthorizing the Export-Import Bank before members of the Republican Study Committee (RSC). Frank spoke to the committee members about the critical role the Bank plays in manufacturers’ ability to export which is key when you consider that 95% of the world’s consumers live outside of the U.S.
Frank singled out small and medium-sized manufacturers, the engines of our economy, as an oft-forgotten but important consideration in the current reauthorization debate. In fact, more than 85% of all Ex-Im transactions directly benefit small business exporters. Frank shared this key stat with the committee, urging them to consider the impact on jobs, competiveness and the manufacturing supply chain.
Manufacturers will continue to make the case on why this effective and successful program needs to be reauthorized.
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