Business Leaders: Fully Functioning Ex-Im Bank Vital to Our Competitiveness

Timmons, Donohue Call on Congress to Take Action to Restore Bank’s Full Operations

Washington, D.C., September 8, 2016 – National Association of Manufacturers (NAM) President and CEO Jay Timmons and U.S. Chamber of Commerce President and CEO Thomas J. Donohue issued the following 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: 

“The Continuing Resolution represents the most viable path forward to restore full operations at the U.S. Ex-Im Bank, which is vital to American businesses and their supply chains trying to compete in a fierce global economy. A supermajority in Congress has already settled the question of Ex-Im reauthorization, and there is simply no more time to waste. Following the Senate’s failure to act on a board nomination that would reinstate the bank’s full functionality, we urge Congress to embrace identical language adopted in both the House and Senate foreign operations appropriations bills to fully reopen the bank as intended.”

-NAM-


The National Association of Manufacturers (NAM) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12 million men and women, contributes $2.17 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.

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