On a bipartisan vote today, the Senate confirmed several appointees to the U.S. Export-Import Bank, including Kimberly Reed as president and Spencer Bachus and Judith DelZoppo Pryor as board members. With these confirmations, the Ex-Im bank now has a quorum and can return to its full functionality.
BAFT—ABA’s global transaction banking subsidiary—congratulated the nominees. “As the official export credit agency of the United States, Ex-Im Bank plays a crucial role in boosting U.S. exports in support of our economy, and has provided more than 1.7 million jobs in the U.S. over the last decade,” said BAFT President and CEO Tod Burwell. “We look forward to a fully operational Ex-Im Bank and its facilitation of the export of America’s goods and services.”