Press Releases

ITIF Supports Reauthorization of the Export-Import Bank

WASHINGTON - On May 31, with the Senate poised to vote on a measure to reauthorize the Export-Import Bank, Information Technology and Innovation Foundation President Rob Atkinson made the following statement:

“The Ex-Im Bank should have never been the subject of controversy. At a time when other countries are dramatically ramping up export assistance to help their companies, it would have been unthinkable to abandon U.S. companies. Fiscal discipline is fine except when it is anti-growth. Ex-Im Bank financing helped supported more than $40 billion in exports and 290,000 export-related American jobs. What’s more, the Ex-Im Bank has returned $3.4 billion to the U.S. Treasury above and beyond the cost of its operations over the past five years. For a Congress looking to boost U.S. competitiveness and create jobs, this was a vote delayed by political rhetoric for far too long.”

More of ITIF’s recent work on export financing’s relationship to global competitiveness:

The Export-Import Bank Works For America: Responses to 18 Arguments for Cutting Ex-Im’s Authorization

Let The Ex-Im Bank Do Its Job Supporting U.S. Exporters

Understanding the Importance of Export Credit Financing to U.S. Competitiveness