February 26, 2018
Fast Facts
Bringing Business Up to Speed
Federal Issues

U.S. Commerce Secretary pushes for working Ex-Im Bank board

Members of the administration are pushing the full Senate to quickly confirm the president's nominees for the U.S. Export-Import (Ex-Im) Bank's Board of Directors.

The Ex-Im Bank provides key loan and credit guarantees for American exporters, ensuring their ability to smoothly and safely sell American-made products overseas. The board has been without a quorum since 2015, limiting its ability to support all American manufacturers and their employees. There are now about 40 deals worth more than $30 billion that are stuck in the pipeline until a board quorum is reached, according to a recent estimate by the Ex-Im Bank.

"These lost opportunities don’t just impact the manufacturers directly, but the countless supply chain companies of all shapes and sizes across the U.S. who support them," writes Exporters for Ex-Im.

During a meeting of the U.S. Department of Commerce’s Trade Finance Advisory Committee last week, Commerce Secretary Wilbur Ross urged the Senate to act quickly to confirm the president’s nominees for the Ex-Im Bank’s board of directors.

That follows on a similar call last month by Treasury Secretary Steven Mnuchin, who told the House Financial Services Committee that the president wants to get the Ex-Im Bank back up and running.

And last week, a bipartisan group of 68 House lawmakers sent a letter to the Senate, urging leaders there to quickly confirm four nominees to the Ex-Im Bank's Board of Directors. U.S. Rep. Denny-Heck, D-WA, co-wrote the letter with Rep. Chris Collins, R-N.Y., The Hill reports.

Contact Amy Anderson, AWB government affairs director for federal issues, to learn more.

« Back to Main
Capital Gains Tax
All Manufacturers Need Relief

Manufacturing jobs key to all of our communities

By AWB President Kris Johnson

The health of Washington state's manufacturing sector is a bellwether for the strength of our overall economy, and a key driver of economic opportunity for families in every city and small town across the state.

The sector is vital to the state. Manufacturing jobs support families with livable wages and benefits and they grow the local economy and tax base to ensure funding for critical services.

Along with all that positive news, is the reality is the sector needs some support.

Since 2000, Washington has lost more than 50,000 manufacturing jobs, the majority of which are not in the aerospace sector.

The good news is lawmakers are currently considering bills that would reinstate the uniform B&O tax relief. It's a move our members support as one way to jumpstart job creation in every part of the state...

Read the full guest column in The Olympian
Upcoming Events