BAFT Calls for Ex-Im Reauthorization

BAFT—ABA’s global transaction banking subsidiary—today joined a coalition of more than 200 organizations and companies calling on Congress to pass a robust and long-term reauthorization of the U.S. Export-Import Bank before its charter expires at the end of September. The groups noted that trade finance programs offered and supported by the Ex-Im Bank are crucial to international commerce and the growth of the U.S. economy, and that passing a long-term reauthorization would provide market certainty and ensure that U.S. businesses can maintain their competitiveness in the global marketplace.

“Congress has the opportunity to move forward quickly to ensure American competitiveness and prosperity through the long-term and robust reauthorization of the Ex-Im Bank,” the groups wrote in letters to members of the House and Senate. “We ask that you seize it because time is of the essence for our nation’s workers and job creators.”