U.S. Chamber’s Donohue Praises Senate for Voting to Reauthorize Ex-Im

Urges President Obama To Swiftly Sign The Bill Into Law To Guarantee U.S. Businesses Have A Level Playing Field In Export Markets

WASHINGTON, D.C. — U.S. Chamber of Commerce President and CEO Thomas J. Donohue today issued the following statement on the Senate passage of legislation to reauthorize the Export-Import Bank of the United States (Ex-Im):

“The Senate’s vote today to reauthorize Ex-Im is great news for thousands of American workers and businesses of all sizes. Taxpayers can also cheer the fact that this bill will reduce the deficit by hundreds of millions of dollars.

“When other countries are providing their own exporters with an estimated $1 trillion in export finance—often on terms more generous than Ex-Im can provide—failure to reauthorize Ex-Im would amount to unilateral disarmament and cost tens of thousands of American jobs.

“The Chamber urges President Obama to swiftly sign this bill into law to guarantee U.S. businesses have a level playing field in export markets.”