AIA Urges Quick Senate Confirmation of Ex-Im Bank Nominees

Statement by AIA President and CEO David F. Melcher urging the Senate to confirm the nominations of Ms. Reed, Mr. Bachus, Ms. Pryor and Ms. Slacik to the Board of Directors of the U.S. Export-Import Bank.

The Aerospace Industries Association welcomes the Senate Banking Committee approvals of the nominations of Ms. Reed, Mr. Bachus, Ms. Pryor and Ms. Slacik to the Board of Directors of the U.S. Export-Import Bank. We urge the full Senate to quickly confirm the four nominees so they can restore the Bank to full-functionality and review and approve over $30 billion in American exports that are stalled absent a quorum on the Bank’s Board of Directors. The time for action is now.

AIA also commends members of the committee for their bipartisan rejection of Scott Garrett’s nomination, a recognition of AIA long-stated position’s that Mr. Garrett is not the leader that the Ex-Im Bank needs and that American manufacturers deserved. AIA is pleased to be recognized by Senate Banking Committee leadership during the hearing for its leadership and advocacy on behalf of the American workforce to only confirm leaders worthy of the Bank’s important mission.

America’s aerospace and defense industry, it’s workforce of 2.4 million men and women, and our nation deserve an Ex-Im Bank with leaders who are fully committed to the success of Ex-Im and to removing any barriers to its full functionality. Today’s bipartisan votes represent an important milestone in that process to advance the strength and prosperity of the American economy.

The aerospace and defense industry contributes the largest positive trade balance of any U.S. industry – more than $90 billion in 2016. We have enormous potential to advance President Trump’s priority of creating more American high-skill, high-wage jobs, provided we can compete on a level playing field in the markets around the world where our products and innovation are in high demand.