AIA Urges Senate to Pass Appropriations Bills and Export-Import Bank Reauthorization

Statement by Aerospace Industries Association President and CEO Eric Fanning

Arlington, Va. — Today, the U.S. House of Representatives passed legislation (H.R. 1158 and H.R. 1865) to fund the government and reauthorize the U.S. Export-Import Bank (Ex-Im Bank), an essential tool for American manufacturers, including those in the aerospace industry. The bill provides a seven-year reauthorization and the flexibility and stability needed to support U.S. economic success and competitiveness in the global market.

“By including this long-term reauthorization, the House has taken an important step to ensure the Ex-Im Bank can continue to be a powerful resource helping exporters, including the small businesses that make up our supply chain, compete in an increasingly global market,” said Aerospace Industries Association President and CEO Eric Fanning. “With more than 110 foreign export credit agencies assisting our competitors around the world, it is vital for Senate leadership to support a fully operational Ex-Im Bank and pass this critical legislation.”

As the clock winds down, we urge the Senate to swiftly pass the consolidated appropriations bills and give American manufacturers the stability and predictability that enables them to thrive.

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Veronica.Bonilla@aia-aerospace.org