Lawler Introduces Bill to Ensure Continuity of Operations at Export-Import Bank

"American businesses should never be put at a competitive disadvantage because the Export-Import Bank is unable to function due to vacancies on its board. Making the quorum solution permanent is a commonsense step that will provide greater certainty for U.S. exporters and ensure they have access to the financing tools they need to compete against foreign companies backed by their own governments. The New Jersey Chamber of Commerce supports this effort to prevent unnecessary disruptions, strengthen American competitiveness and support businesses, workers and supply chains here in New Jersey and across the country," said the New Jersey Chamber of Commerce.

"It's imperative that businesses across the State of New York have reliable access to financing tools that allow them to be competitive in a global marketplace. To accomplish that, the EXIM Bank must be able to operate responsibly and uninterrupted. We commend Reps. Lawler and Gottheimer for their leadership on this important issue and for advancing legislation that will end future delays," said Heather Mulligan, President and CEO of The Business Council of New York, Inc.

"Businesses across Ohio and around the country utilize important financing mechanisms like the Export-Import Bank to help ensure they can sell their products to consumers overseas. It is essential to build on investments made by leaders in Washington to support re-industrialization and reshoring by ensuring that the United States does not unilaterally disarm in a global marketplace. Reauthorizing the EXIM Bank is a critical step needed to keep American businesses competing on a level playing field," said Ohio Chamber President & CEO Steve Stivers.

"Political gridlock left the Export Import Bank of the United States functionally paralyzed for nearly four years, costing American exporters billions of dollars in lost deals while foreign competitors rushed in to fill the void. Freeing the EXIM Bank from this legislative logjam is a bipartisan concern and a pillar of American competitiveness, which is why the EXIM Bank Continuity in Competitiveness Act permanently fixes the quorum requirement and keeps EXIM Bank fully operational. American workers, manufacturers, and small businesses cannot afford to lose another deal simply because Washington failed to staff a board, and the Chamber thanks Representatives Lawler and Gottheimer for their leadership in introducing this commonsense legislation," said Foxhall Parker, Senior Director, Center for Capital Markets Competitiveness, U.S. Chamber of Commerce.

"Reps. Lawler and Gottheimer's bipartisan legislation delivers an important fix manufacturers have long sought to improve the operations and efficiency of the EXIM Bank and ensure it can use its full authorities to support U.S. manufacturers competing around the world. A strong, efficient EXIM Bank helps level the playing field, giving manufacturers and their customers greater access to critical financing that supports growth, investment and job creation here at home," said Jay Timmons, CEO of the National Association of Manufacturers.

This bill is also endorsed by the Rockland Business Association.

Full text of the bill can be found HERE.