Chamber of Commerce, White House Push for Quick Ex-Im Renewal
Foreign export credit agencies, such as those in China, the UK and Canada, are ramping up activities after the U.S. Congress allowed the Export-Import Bank to expire in late June, said John Murphy, senior vice president for international policy at…
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the Chamber of Commerce, in an Aug. 24 blog (here). “We live in a world where official export credit agencies are major players in international commerce,” he said. “And that isn't changing: Governments are doubling down on their ECAs.” The White House also urged action on Ex-Im. Congress needs to “take the long-overdue step of reauthorizing the Ex-Im Bank…in a timely fashion,” said White House spokesman Josh Earnest on Aug. 24. U.S. business associations, the White House and many Capitol Hill lawmakes have railed against the lapse in Ex-Im authorization (see 1507280017). Lawmakers return to Washington the second week of September.