The California Chamber of Commerce is urging members to ask California’s Congressional Delegation to reauthorize the Export-Import Bank. As Congress returns to Washington, DC after their August recess, the Ex-Im Bank charter is set to expire on September 30.
In May 2019, a quorum was finally restored to the Ex-Im Bank after operating at limited capacity since July 2015, which limited the bank to approving transactions of $10 million or less, meaning numerous lost opportunities for U.S. businesses and their workers.
The CalChamber is asking members to follow its lead in sending letters to the California Congressional Delegation in support of reauthorization of the Ex-Im Bank.
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