The Export-Import Bank

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Latest News From the NAM
Quorum Call – Ex-Im Board Needs Directors Confirmed to Operate Fully

“The Ex-Im Bank, a critical tool for businesses of all sizes across the United States, was reauthorized last December by a super-majority in Congress after an extensive advocacy campaign. While the Ex-Im Banks doors are open, it cant operate at full capacity because three of the five seats on its board of directors are empty. As a result, the Ex-Im Bank lacks the necessary quorum to review and approve certain transactions. If Congress fails to act on the pending nomination to the board, the agency will be handicapped in its mission to help U.S. exporters compete and succeed in the global consumer marketplace.”

NAM Vice President International Economic Affairs Linda Dempsey, April 7, 2016
 
 


Ex-Im Bank Logo

The NAM serves as co-chair of the Exporters for Ex-Im Coalition, which represents small, medium and large Ex-Im Bank users across the country.

Understand the Issue

U.S. exports accounted for about one-third of GDP growth from 2009 to 2014, but the current macroeconomic environment poses serious risks for manufacturers and manufacturing exporters.

Ex-Im Bank programs, such as working capital loan guarantees and credit insurance guarantees, enable thousands of U.S. small businesses to export by ensuring that they have the financing they need to manufacture goods for export and provide competitive terms for their customers.

Countries like China, Germany, the United Kingdom and Italy are devoting hundreds of billions of dollars to official export credit agency (ECA) financing for domestic manufacturers while U.S. exporters have no access to official export credit financing.


Read the White Paper

Martin Richenhagen is chairman and CEO of AGCO Corp., a publicly traded manufacturer (AGCO) of agricultural equipment headquartered in Duluth, Ga., that sells its products in 140 countries. He was in Washington, D.C., this week to attend the President’s Advisory Council on Doing Business in Africa, but he also took time to lobby for the Export-Import Bank’s reauthorization and talk to the National Association of Manufacturers.

Stories From the Shopfloor: The Ex-Im Bank matters to manufacturers

Since the 1990s, CNH Industrial -- and our suppliers -- have benefitted from Ex-Im Bank financing to export over $1 billion worth of equipment, supporting over 100,000 U.S. jobs.

Click Bond Director of Strategic Partnerships Paul McNeill says… critics fail to recognize Ex-Im’s downstream impact on small and mid-size manufacturers that do not contract directly with Ex-Im Bank.

Ellicott Dredges sells equipment to more than 100 countries with foreign sales representing over half of the company’s revenues. Company President Peter Bowe says the uncertainty that Congress has created over the reauthorization of the Ex-Im Bank is causing concern from foreign customers...

Ex-Im-Bank-Reauthorization-Advertisement
The NAM took out ads in both Politico and CQ Roll Call, urging for a long-term reauthorization of The Ex-Im Bank.

New research published by the NAM documents the massive size and growth of foreign export credit activity. Most developed countries and many developing countries have official export credit agencies (ECAs), with more than 60 operating worldwide. With the nine largest foreign ECAs--Brazil, Canada, China, France, Germany, Japan, Mexico, South Korea and the United Kingdom--providing nearly half a trillion dollars in annual export support, manufacturers in the United States are at a deep disadvantage in competing for sales overseas:

Forfeiting Opportunity

Ex-Im Bank reauthorization is essential for manufacturers to compete globally in the face of massive foreign export credit financing  
The Global Export Credit Dimension

The size of foreign export credit agencies compared to the Export-Import Bank of the United States  


 


   

NAM in the News

Press Releases

  • 09/28/2016
    Politics Win Over Jobs
    NAM President and CEO Jay Timmons and U.S. Chamber of Commerce President and CEO Thomas J. Donohue issued a statement urging Congress to move legislation, as part of the upcoming Continuing Resolution, that would allow the U.S. Export-Import (Ex-Im) Bank to consider and act on all transactions immediately.
  • 09/08/2016
    Business Leaders: Fully Functioning Ex-Im Bank Vital to Our Competitiveness
    NAM President and CEO Jay Timmons and U.S. Chamber of Commerce President and CEO Thomas J. Donohue issued a statement urging Congress to move legislation, as part of the upcoming Continuing Resolution, that would allow the U.S. Export-Import (Ex-Im) Bank to consider and act on all transactions immediately.
  • 06/30/2016
    Delays in Confirming Ex-Im Board Put US Jobs at Risk
    NAM President and CEO Jay Timmons and U.S. Chamber of Commerce President and CEO Tom Donohue issued a joint statement calling on the Senate to act to restore a quorum to the Board of Directors of the U.S. Export-Import (Ex-Im) Bank.