The Senate will have an opportunity next week to the right thing by confirming Fred Hochberg for a second term as the Export Import Bank’s president. This isn’t a small ball vote – it’s a vote for the more than 255,000 jobs in the United States that depend on financing from the Ex-Im Bank and for the $6 billion in small business support that the Ex-Im Bank was responsible for last year alone.
This vote is especially important to manufacturers because Mr. Hochberg has been a champion for the manufacturing community and recognizes the importance of role we play in the economy. In March, Mr. Hochberg told the NAM’s Member Focus magazine that “creating and supporting jobs through exports is our mission and our passion”. Because the Ex-Im Bank needs to maintain a quorum for its Board of Directors, waiting to confirm Mr. Hochberg is a dangerous game that would mean a backup in Ex-Im Bank approvals – putting jobs at risk.
Manufacturers want to reach new markets, grow jobs and increase our global competitiveness – and they want the Senate to confirm Mr. Hochberg.