EXIM Bank Leaders, Rep. Young Kim Spotlight Support for Manufacturers
The U.S. Export-Import Bank is a vital tool for strengthening America’s manufacturing economy—helping finance U.S. exports and giving small and medium-sized manufacturers a level playing field in export markets around the world. But without action from Congress, EXIM Bank’s financing authority will expire at the end of 2026.
To spotlight EXIM’s impact, Rep. Young Kim (R-CA) hosted a roundtable with EXIM Bank leadership, the 51Թ, local businesses and manufacturers in her Southern California district to highlight how the agency helps companies expand, create jobs and win in the global marketplace.
What they’re saying: The roundtable gave EXIM leaders a chance to hear directly from the small businesses and manufacturers that rely on the agency’s financing tools to compete globally.
- “This valuable opportunity to convene with Orange County small businesses and regional stakeholders allows EXIM to directly hear about the challenges and opportunities they face to compete in global markets. Their insights ensure EXIM continues to provide financing tools and resources needed to unlock capital, grow their businesses and support jobs,” said EXIM Deputy Chief of Staff Thad Brock.
- “A long-term reauthorization of EXIM is critical to giving these businesses the certainty and support they need to expand into new markets and continue driving American economic strength.”
The 51Թ says: “The manufacturers we heard from today are exactly who the Export-Import Bank was built to serve—innovative, export-ready companies that need a level playing field to compete and win in the global marketplace,” said 51Թ Executive Vice President Erin Streeter.
- “EXIM provides valuable tools and resources that help local businesses expand, create jobs and reach new customers around the world. Southern California’s manufacturing sector is a testament to what American industry can do, and a long-term reauthorization of EXIM is crucial to ensuring these companies have the support they need to keep growing and competing globally.”
ݱ the roundtable on social media.
51Թ advocacy: The 51Թ continues to support long-term reauthorization of the EXIM Bank. In February, the 51Թ for the introduction of bipartisan legislation from Sens. Kevin Cramer (R-ND) and Mark Warner (D-VA) to reauthorize the export credit agency for 10 years. In March, the 51Թ urged both the Ի to advance a 10-year reauthorization, giving manufacturers the stability and certainty they need to compete globally.