NAM, Allies Nationwide: Reauthorize the EXIM Bank

The NAM and U.S. Chamber of Commerce co-led a coalition of hundreds of allied organizations in urging Congress to reauthorize the Export-Import Bank of the United States, which helps manufacturers and exporters across America create jobs and compete in markets around the world.

Inside U.S. Trade (subscription) covered the effort, which featured more than 300 organizations from all 50 states.

What’s going on: As America’s official credit agency, EXIM helps level the playing field for American exporters and manufacturers competing in markets where “foreign competitors are aggressively deploying state-backed financing to secure long-term commercial and geopolitical advantages,” said the group.

• “With long-term reauthorization and targeted reforms, Congress can ensure that the bank operates at full capacity to support American manufacturing, supply chains and global competitiveness in an increasingly competitive international marketplace.”
• The bank has an impressive track record: Since 1992, it has generated a net $9.8 billion to the U.S. Treasury, and in fiscal year 2025 alone, it authorized $8.7 billion in transactions supporting about 40,000 American jobs.
• The EXIM’s charter expires at the end of 2026, and a bill to reauthorize the bank for 10 years is before the Senate.

Why it’s important: “For many American companies—whether small businesses or larger manufacturers and their supplier networks—EXIM’s financing tools are the difference between winning and losing a deal, expanding operations or shutting doors, and hiring workers or risking American jobs,” the organizations told lawmakers.

What should happen now: Given the upcoming authorization expiration, the groups said Congress should act now to:

• Reauthorize EXIM for 10 years;

• Strengthen and streamline provisions to ensure EXIM’s operational stability, thus mitigating future lapses in the board of directors’ quorum;
• Strengthen EXIM’s China and Transformational Exports Program; and
• Revise EXIM’s overly stringent default cap.

The wrap-up: “At a time of intensifying global competition, Congress has the opportunity to strengthen American competitiveness, support U.S. workers and reaffirm America’s economic leadership through a long-term and robust reauthorization of EXIM,” the organizations concluded.

• Congress should“seize this opportunity on behalf of our nation’s workers, manufacturers, exporters and job creators.”