Ex-Im Bank Faces Sept. 30 Reauthorization Deadline

The OMA urges members to contact their federal lawmakers in support of re-authorization of the Export-Import Bank of the United States (Ex-Im). Or sign onto the NAM’s letter by Sept. 6.

Ex-Im operations are being threatened by a deadline of Sept. 30, the date by which Congress must re-authorize the bank’s charter. As the official export credit agency of the United States, Ex-Im has served 200 exporters in Ohio since 2014, with a combined $1 billion in exports. It’s estimated that when Ex-Im activities were recently hobbled due to the lack of a board quorum, U.S. manufacturers lost $119 billion in output, which translated into 80,000 fewer manufacturing jobs in 2016 and 2017 alone. 8/15/2019