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NAM to Congress: Pass Export-Import Bank Revision Bill

By NAM NewsroomSeptember 10, 2026
An export credit agency established by the United States federal government.

The bipartisan EXIM Bank Continuity in Competitiveness Act, introduced late last month by Reps. Mike Lawler (R-NY) and Josh Gottheimer (D-NJ), makes a much-needed change to the operations of the Export-Import Bank (Mid Hudson News).

What’s going on: The measure “would permanently change the bank’s board requirements to allow it to continue operating when vacancies leave the board without a quorum.”

  • Under it, a temporary board would be established to ensure the bank can approve loans, guarantees or insurance exceeding $25 million. U.S. companies bidding on large projects rely on EXIM financing to match state-backed competitors.

Why it’s important: “Reps. Lawler and Gottheimer’s bipartisan legislation delivers an important fix manufacturers have long sought to improve the operations and efficiency of the EXIM Bank and ensure it can use its full authorities to support U.S. manufacturers competing around the world,” NAM President and CEO Jay Timmons said in a press release from Rep. Lawler’s office.

  • “A strong, efficient EXIM Bank helps level the playing field, giving manufacturers and their customers greater access to critical financing that supports growth, investment and job creation here at home.”
  • Since 1992, the bank has generated a net $9.8 billion for the U.S. Treasury, and in fiscal year 2025, it authorized $8.7 billion in transactions supporting about 40,000 American jobs, according to the NAM.
  • And last month, the bank reached profitability for the first time in 10 years.

What else is needed: The NAM is leading a coalition of industry organizations that have urged Congress to reauthorize the bank, the charter of which expires at the end of 2026.

  • “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 NAM and U.S. Chamber of Commerce, along with 300 other signatories, told Congress in July.