Senate to Vote on Export-Import Bank Reauthorization

By March 20, 2012Trade

Shortly the Senate will vote on an amendment to reauthorize the Export-Import Bank which is critical to the goal of doubling exports and jobs. The Bank assists thousands of small and medium-sized manufacturers reach new markets and sell their products around the globe that might otherwise not be possible.

If Congress fails to act and reauthorize the Bank we will be left in the dust by our competitors who are providing hundreds of billions more in export financing. Just in 2010 alone the export credit agencies in Brazil and China provided 10 times more financing to their exporters, as a share of GDP. Washington needs to act to put manufacturers in the United States on a level playing field.

We hope that senators will vote for exports and jobs today and approve the reauthorization of the Ex-Im Bank.

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