Richard Rogovin, chairman and general counsel of OMA member U.S. Bridge in Cambridge, Ohio, has been appointed to the advisory committee of the Export-Import Bank of the United States (Ex-Im). The advisory committee, as required by Congress, advises Ex-Im on its programs, which provide competitive financing to support American jobs through exports. Ex-Im is self-funded through user fees it collects.
In May, the U.S. Senate confirmed Kimberly Reed as president of the Ex-Im, along with two other board appointees, allowing the bank to once again approve loans greater than $10 million. The OMA strongly supports the Ex-Im, which serves 200 exporters in Ohio with a combined $1 billion in exports.
Ex-Im’s full operations risk ceasing again Sept. 30 when its charter is scheduled to expire. The NAM this week announced its support for bipartisan legislation that would reauthorize the bank for 10 years. 8/1/2019