Browsing: Trade finance

Commercial Lending

Rep. Stephen Fincher (R-Tenn.) last week introduced a bill that would reauthorize the Export-Import Bank, whose congressional authority lapsed on July 1. The bill, H.R. 3611, is a companion to bipartisan legislation that enjoys broad support in the Senate.

Commercial Lending

Noting that many lenders turn to the U.S. Export-Import Bank to add balance sheet capacity and meet their customers’ needs, ABA’s global finance subsidiary BAFT today expressed its disappointment in Congress’ failure to reauthorize the Export-Import Bank before its charter expired last night.

Newsbytes

As debate swirls on Capitol Hill about the future of the U.S. Export-Import Bank — whose charter is scheduled to expire on June 30 — the Senate Banking Committee will hold two hearings on Ex-Im this week: a roundup of perspectives on the bank’s function and usefulness tomorrow and an oversight hearing with the bank’s president, Fred Hochberg, on Thursday.

Commercial Lending

BAFT, the international financial services association that is an ABA subsidiary, today joined the Financial Services Roundtable in urging Congress to reauthorize the U.S. Export-Import Bank before its charter expires at the end of June.

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