Washington – Business Roundtable today released the following statement on the expiration of the U.S. Export-Import Bank and the importance of its reauthorization:
“We urge Congress to pass a multi-year reauthorization of the Export-Import Bank in July to help U.S. companies sell their goods and services around the world and support jobs and economic growth across the country,” said Tom Linebarger, Chairman and Chief Executive Officer of Cummins Inc. and Chair of the Business Roundtable International Engagement Committee. “The Bank plays an important role in creating a fair playing field for U.S. companies competing against foreign companies that receive substantial financing from their countries.”
In March, Business Roundtable sent a letter to congressional leaders urging them to reauthorize the Bank. U.S. trade expansion, including through reauthorization of the Export-Import Bank, is a key pillar of the Business Roundtable pro-growth policy agenda, Achieving America’s Full Potential: More Work, Greater Investment, Unlimited Opportunity.