NCSL to Congress: Reauthorize the Export-Import Bank

Washington, D.C. – The National Conference of State Legislatures (NCSL) called on congressional leaders to reauthorize the Export-Import Bank and increase its lending cap. In a letter to Congress, NCSL urged swift action before the bank’s 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.

In its letter, NCSL stressed the importance of a multi-year reauthorization with transparency mechanisms to protect American businesses and workers. NCSL opposes short-term stopgap measures, which would erode confidence in American exports.

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.