AIA President and CEO: Crisis Underscores Importance of Export-Import Bank, Need for Quorum

Arlington, Va. –Today, the U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing on “Oversight of the Export-Import Bank of the United States.” Aerospace Industries Association (AIA) President and CEO Eric Fanning released the following statement, applauding bipartisan support for ensuring a quorum on the Export-Import (Ex-Im) Bank Board of Directors to maintain full operations of this essential tool for American manufacturers and exporters, including those in the aerospace and defense industry:

“The Ex-Im Bank is critical to the stability and certainty of American businesses of all sizes, particularly during the COVID-19 crisis. The Bank levels the playing field with global competitors, serving as an economic engine for creating jobs and reigniting the growth essential to America’s recovery. That’s why we must avoid a lapse in the Bank’s quorum. We applaud the bipartisan support expressed today in the Senate Banking Committee and urge Senate leadership to swiftly consider the nominations of Claudia Slacik and Paul Shmotolok—who both enjoy bipartisan support—to ensure this necessary resource remains available for our manufacturers and supply chains now and in the future.”

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CONTACT:
Veronica Bonilla
(703) 358-1078 office
(703) 674-9618 mobile
Veronica.Bonilla@aia-aerospace.org