Business Community Presses for Ex-Im Bank Reauthorization

By Webmaster on February 11, 2012 12:57 AM
On February 9-10, the Chamber joined with a broad coalition of industry representatives to meet with members of Congress and staff to press for approval of legislation reauthorizing the Export-Import Bank of the United States (Ex-Im) and increase its lending cap. With more than 60 business representatives taking part, teams met with nearly 200 House offices. Among the leave-behinds, the Chamber distributed "Myths and Facts about the Export-Import Bank of the United States." The document reads in part: "Far from being a handout to corporations, Ex-Im turns a profit for the American taxpayer. Since 2005, Ex-Im has generated more than $3.4 billion to the Treasury above all costs and loss reserves, including $700 million in FY 2011 alone... Small businesses account for 87% of Ex-Im's transactions; further, these small business transaction figures do not include the tens of thousands of small and medium-sized businesses that supply goods and services to large exporters." For details, please contact Stefanie Holland, Director for International Policy (sholland@uschamber.com).

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