ICYMI: Business Leaders Urge Congress To Oppose Any Amendments Related To Ex-Im Reauthorization
In case you missed it, the U.S. Chamber of Commerce, Nuclear Energy Institute (NEI), and National Association of Manufacturers (NAM) wrote letters to Members of the U.S. House of Representatives urging them to vote against all amendments related to the Export-Import (Ex-Im) Bank, which are designed to block or stall reauthorization.
As the NEI noted, Congress needs to “oppose all amendments” during the current highway debate and “finish the job of reauthorizing the Ex-Im Bank.” To read more from Chamber, NEI, and NAM, please see below.
U.S. Chamber Of Commerce: Amendments To H.R. 22 “Would Only Detract From” The Goal Of Reauthorizing Ex-Im. “The Chamber [of Commerce] opposes any amendments related to the Bank because such amendments would only detract from, or run counter to, the goal of reauthorizing the Bank. Failure to secure a long term reauthorization of Ex-Im would amount to unilateral disarmament in the face of other governments’ far more aggressive export credit programs, which have provided their own exporters with significant financing support in recent years.” (R. Bruce Josten, “U.S. Chamber of Commerce Opposes Any Amendments To H.R. 22 Related To The Export-Import Bank,” Exporters For Ex-Im, 11/3/15)
Nuclear Energy Institute: Oppose All Amendments And “Finish the Job Of Reauthorizing The Ex-Im Bank.” “A majority of the House voted last week in favor of legislation to reform and reauthorize the Ex-Im Bank. This legislation includes the toughest reforms of the Ex-Im Bank to date and is identical to legislation already approved by the Senate. We greatly appreciate the strong support that the House provided to a reformed and reauthorized Ex-Im Bank. We encourage the House to oppose all amendments to this legislation and to finish the job of reauthorizing the Ex-Im Bank.” (Alex Flint, “The Nuclear Energy Institute Urges Congress To Reject All Amendments To H.R. 22 Related To Ex-Im,” Exporters For Ex-Im, 11/4/15)
National Association Of Manufacturers: Opposition To Amendments May Be “Key Manufacturing Votes.” “The National Association of Manufacturers (NAM), the largest manufacturing association in the United States representing manufacturers in every industrial sector and in all 50 states, strongly supports provisions of the Senate-passed version of H.R. 22 that would reform and reauthorize the U.S. Export-Import (Ex-Im) Bank and urges opposition to any Ex-Im related amendments…The NAM’s Key Vote Advisory Committee has indicated that votes on amendments to the Ex-Im reauthorization provisions of H.R. 22, including procedural motions, may be considered for designation as Key Manufacturing Votes in the 114th Congress.” (Aric Newhouse, “The National Association of Manufacturers Opposes All Amendments To H.R. 22 Related To Ex-Im,”Exporters For Ex-Im, 11/4/15)