The California Chamber of Commerce recently joined more than 300 chambers, associations and companies on a coalition letter asking Congress to swiftly reauthorize the Export-Import Bank of the United States (EXIM).
The coalition letter, organized and submitted by the U.S. Chamber of Commerce, included organizations representing manufacturers, agricultural businesses, service companies, and other business from across every state in the country.
With long-term reauthorization and targeted reforms, Congress can ensure that EXIM operates at full capacity to support U.S. manufacturing, supply chains, and global competitiveness in an increasingly competitive international marketplace.
In the 2025 fiscal year alone, EXIM authorized $8.7 billion in transactions supporting approximately 40,000 U.S. jobs, with more than 87% of transactions directly supporting small businesses. EXIM maintains a low default rate and, through fees and interest, continues to generate revenue for taxpayers.
The letter encourages Congress to reauthorize EXIM for 10 years to provide long-term certainty and enable EXIM to meet demand for trade financing that fills critical gaps and helps level the global playing field.
Export-Import Bank
EXIM is the official export credit agency of the United States. Its mission is to support American job creation, prosperity, and security through exporting by unlocking financing solutions for U.S. companies competing around the globe. EXIM Bank helps level the playing field and fill gaps in private sector financing.
EXIM Bank offers various programs to aid small and medium-sized exporters with two specific objectives:
• To enhance an exporter’s success by incorporating insurance products that allow sellers to extend competitive credit terms to foreign buyers while mitigating risk and potential losses due to nonpayment of invoices (through export credit insurance); and
• To facilitate an exporter’s access to adequate and affordable capital from commercial lenders through loan guarantees and collateral eligibility of insured foreign account receivables.
Support for U.S. Exporters
With more than 115 foreign Export Credit Agencies providing broad financial support for their exporters, it is vital for U.S. industry to be supported by a strong, resourceful EXIM Bank. It is imperative that U.S. exporters are supported by an effective and well-resourced finance partner to ensure competitiveness. EXIM is a vital element for U.S. exporter success.
EXIM’s authorization is scheduled to expire this year, making it critical that lawmakers send a “strong and unambiguous signal to global customers and competitors alike by ensuring this important tool in the U.S. trade arsenal remains available and continues to provide American companies with the stability needed to plan, invest, and compete with confidence,” the coalition letter stated.
