May 9, 2012
NCSL Letter to Congressional Leaders Affirmed: House Votes to Renew U.S. Export-Import Bank
Washington, D.C. -- The National Conference of State Legislatures (NCSL) is pleased the U.S. House of Representatives voted in a bipartisan fashion to approve legislation renewing the U.S. Export-Import Bank’s lending authority for three years and to increase its lending cap by $40 billion dollars by the end of 2014. NCSL encourages the Senate to do the same.
In a letter to congressional leaders on April 16, 2012, NCSL called on Congress reauthorize the bank and increase its lending cap. The current authorization lapses on May 31, 2012.
“The Export-Import Bank is a vital tool in providing financing assistance for American businesses so that they may thrive in the global market,” wrote Connecticut Senator Gary LeBeau and Alaska Representative Anna Fairclough, co-chairs of NCSL’s Labor & Economic Development Committee.
NCSL is a bipartisan organization that serves the legislators and staffs of the states, commonwealths and territories. It provides research, technical assistance and opportunities for policymakers to exchange ideas on the most pressing state issues and is an effective and respected advocate for the interests of the states in the American federal system.