By: Thaddeus Swanek
As 95% of global customers reside outside the United States, international trade is more vital than ever.
The U.S. Export-Import Bank (Ex-Im) provides financing and loan guarantees to U.S. companies who export and their customers. Reauthorization for Ex-Im will run out November 21 if Congress fails to pass a funding bill to keep the government open. This funding will likely be extended to December 20 as part of a continuing resolution, but this is only a short-term solution.
Here are the top five reasons to approve a long-term reauthorization for the Ex-Im Bank: