Saturday, February 4, 2023

CalChamber Fights Effort to Derail Export-Import Bank Reauthorization

InternationalOpponents of the California Chamber of Commerce-supported Export-Import (Ex-Im) Bank are attempting to jeopardize reauthorization of the bank by sponsoring “poison pill” amendments to a bill that includes Ex-Im provisions.

The debate is expected to occur on federal legislation authorizing the highway program, which includes numerous strong reform measures.

On October 27, the U.S. House of Representatives voted 313-118 to send to the U.S. Senate legislation reauthorizing the Ex-Im Bank. That legislation is the same reform bill that earned 67 votes in the Senate earlier this year.

Action Needed

The CalChamber urges businesses to ask the California congressional delegation to vote “no” on Ex-Im amendments and pass the reform measures before any more harm is done to U.S. exporters and the workers they employ.

Staff Contact: Susanne T. Stirling

Susanne T. Stirling
Susanne T. Stirling
Susanne T. Stirling, vice president, international affairs, has headed CalChamber international activities for more than four decades. She is an appointee of the U.S. Secretary of Commerce to the National Export Council, and serves on the U.S. Chamber of Commerce International Policy Committee, the California International Relations Foundation, and the Chile-California Council. Originally from Denmark, she studied at the University of Copenhagen and holds a B.A. in international relations from the University of the Pacific, where she served as a regent from 2012 to 2021. She earned an M.A. from the School of International Relations at the University of Southern California.

Related Articles

Specialists Gather to Exchange Insights on Global International Trade Concerns

The California Chamber of Commerce recently joined nearly 150 trade specialists from across the nation for sessions focused on trade issues at the National Association of District Export Councils (NADEC) annual two-day event in...

Export-Import Bank Maintains Quorum, Ability to Help Exporters

The Export-Import Bank of the United States will continue to operate with a quorum following the early February presidential appointment of James Cruse to serve as vice chairman of the bank’s board of directors. Cruse...

U.S. Senators Vote to Unleash Full Potential of Export-Import Bank

In a bipartisan vote last week, the U.S. Senate confirmed three members for the Export-Import Bank Board of Directors to restore the export credit agency to full financing capacity. The three members, confirmed by the...