The Export-Import Bank and Trade Finance

Latest News From the NAM
Support a Quorum for the Ex-Im Bank – Manufacturers in the United States Need a Fully Functional Export Credit Agency to Compete

“Kimberly Reed is a sterling choice for the Export-Import Bank, and in nominating her to lead the agency, President Trump is standing with America’s manufacturing workers. For too long now, the Ex-Im Bank has been hobbled, unable to ever consider action on large deals, while manufacturers lose out on business and jobs to our overseas competitors. At least 85 foreign government-backed export credit agencies, including those in China, are working aggressively to support their own domestic industries. America cannot afford to let them win any longer. Manufacturers call on the Senate to act swiftly to confirm Ms. Reed and the remaining Ex-Im Board nominees.”

NAM President and CEO Jay Timmons, June 20, 2018

More than 90 percent of the bank’s transactions in fiscal year 2016 directly supported small businesses. But Ex-Im cannot continue to level the playing field if it is not even allowed to function properly — as is the case right now. The bank currently lacks a quorum on its board of directors. That leaves it hobbled, unable to even fully function, much less support American jobs (nearly 1.5 million American jobs have been secured over the past eight years because of U.S. export sales supported by the Ex-Im Bank).

NAM Vice President for International Affairs Linda Dempsey

Understand the Issue

Quick Facts about the Ex-Im Bank:

The Bank has supported nearly 1.5 million jobs over the past eight years.

More than 90 percent of the Bank’s FY 2016 transactions directly support small businesses.

The Bank has generated $7 billion for taxpayers over the past 20 years.

Foreign competitors are stealing America’s competitive disadvantage by devoting hundreds of billions of dollars to official export credit agency financing for domestic manufacturers.

The Bank’s default rate is just 0.25 percent, better than many commercial lenders.

NAM in the News

Trump Taps Nominee to Lead Export-Import Bank

Manufacturers Press Senate to Approve Ex-Im Board Members

NAM’s Linda Dempsey’s “Now is the time to fix Ex-Im Bank” Op-Ed in The Hill