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Export-Import Bank Reauthorization Act of 2012

Link to U.S. Chamber Letter to Congress

May 7, 2012

TO THE MEMBERS OF THE UNITED STATES CONGRESS:

We are writing to urge your support for reauthorization of the Export-Import (Ex-Im)
Bank of the United States, and a simultaneous increase in its lending cap. Ex-Im Bank — which is set to expire on May 31 — is a vital resource in helping U.S. companies both large and small to successfully engage in international trade.

The Ex-Im Bank is a self-sustaining federal agency that assists in financing the export of
U.S. goods and services to international markets. In the five years since Congress last
reauthorized the Bank’s operations, it has returned about $3.4 billion to the U.S. Treasury above and beyond the cost of its operations. For the fiscal year ending on September 30, 2011, Ex-Im Bank supported $40.6 billion worth of U.S. exports at more than 3,600 U.S. companies, helping to create or sustain 290,000 export-related U.S. jobs.

This past December, Congress extended Ex-Im Bank’s authorization until May 31 at its
current lending ceiling of $100 billion. Due to unprecedented demand for export financing over
the last few years, Ex-Im Bank estimates that it will reach this limit well before May. As a
result, unless Ex-Im Bank is reauthorized quickly and at an increased lending cap, it will be
forced to halt new transactions — depriving U.S. businesses of a vital financing source at a time when exports are becoming an increasingly vital part of our nation’s economic recovery.

Ex-Im Bank is particularly critical for small businesses, where— in 2011 alone— Ex-Im
Bank lent more than $6 billion to almost 2,000 such companies. In many cases, the trade finance supplied was essential for the completion of the export transaction, and would not have been available from the private sector. Ex-Im Bank’s support extended to exporters in industries as diverse as aerospace, wine, global health, clean technology and agriculture.
Ex-Im Bank is also critical to the ability of U.S. exporters to compete on a level
international playing field, where competitors receive aggressive support from their own
countries’ export credit agencies. The U.S. trails countries like Brazil, Canada, China, Germany, France, India, and Italy in official export credit volumes as a share of each country’s national economy. According to the Information Technology & Innovation Foundation, export credit banks in Brazil and China provided 10 times more financing to their exporters as a share of GDP in 2010 than the Ex-Im Bank did for American exporters. Even the export credit agency of Canada— which has an economy about one-eighth our size— does more lending volume.

Without Ex-Im Bank reauthorization, our country’s exporters won’t be able to compete
effectively in the global marketplace. We urge you to join us in supporting swift Ex-Im Bank
reauthorization.

Sincerely,

Birmingham Business Alliance (AL)
Business Council of Alabama (AL)
Mobile Area Chamber of Commerce (AL)
Shoals Chamber of Commerce (AL)
Arkansas State Chamber of Commerce /
Associated Industries of Arkansas (AR)
Arizona Chamber of Commerce and Industry (AZ)
Buckeye Valley Chamber of Commerce (AZ)
Flagstaff Chamber of Commerce (AZ)
Greater Phoenix Chamber of Commerce (AZ)
Kingman Area Chamber of Commerce (AZ)
North Scottsdale Chamber of Commerce (AZ)
Tucson Metropolitan Chamber of Commerce (AZ)
Alliance of Chambers of Commerce of Ventura
and Santa Barbara Counties (CA)
California Chamber of Commerce (CA)
Greater Fresno Chamber of Commerce (CA)
Greater Oxnard Chamber of Commerce (CA)
Huntington Beach Chamber of Commerce (CA)
Irvine Chamber of Commerce (CA)
Long Beach Area Chamber of Commerce (CA)
Los Angeles Area Chamber of Commerce (CA)
Orange County Business Council (CA)
Palm Desert Chamber of Commerce (CA)
Redondo Beach Chamber of Commerce (CA)
Sacramento Metro Chamber of Commerce (CA)
San Diego Regional Chamber of Commerce (CA)
San Francisco Chamber of Commerce (CA)
San Jose Silicon Valley Chamber of Commerce (CA)
Santa Clara Chamber of Commerce and Visitors Bureau (CA)
Simi Valley Chamber of Commerce (CA)
South Bay Association of Chambers of Commerce (CA)
Torrance Area Chamber of Commerce (CA)
Colorado Association of Commerce and Industry (CO)
Crested Butte / Mt Crested Butte Chamber of Commerce (CO)
Denver Metro Chamber of Commerce (CO)
Greater Colorado Springs Chamber of Commerce and EDC (CO)
Connecticut Business & Industry Association (CT)
Fairfield Chamber of Commerce (CT)
Delaware State Chamber of Commerce (DE)
Florida Chamber of Commerce (FL)
Greater Miami Chamber of Commerce (FL)
Barrow County Chamber of Commerce (GA)
Georgia Chamber of Commerce (GA)
Greater Rome Georgia Chamber of Commerce (GA)
Gwinnett Chamber of Commerce (GA)
Chamber of Commerce of Hawaii (HI)
Hong Kong.China.Hawaii Chamber of Commerce (HI)
Kauai Chamber of Commerce (HI)
Kona-Kohala Chamber of Commerce (HI)
Maui Chamber of Commerce (HI)
Molokai Chamber of Commerce (HI)
Greater Craigmont Area Chamber of Commerce (ID)
Greater Pocatello Chamber of Commerce (ID)
Batavia Chamber of Commerce (IL)
Chicagoland Chamber of Commerce (IL)
Downers Grove Area Chamber of Commerce
& Industry (IL)
GOA Regional Business Association (IL)
Illinois Chamber of Commerce (IL)
Joliet Regional Chamber of Commerce& Industry (IL)
Kankakee Regional Chamber of Commerce (IL)
Mendota Area Chamber of Commerce (IL)
Naperville Area Chamber of Commerce (IL)
Peoria Area Chamber of Commerce (IL)
Rockford Chamber of Commerce (IL)
Rolling Meadows Chamber of Commerce (IL)
Western DuPage Chamber of Commerce (IL)
Quad Cities Chamber of Commerce (IL/IA)
Greater Fort Wayne Chamber of Commerce (IN)
Warsaw/Kosciusko County Chamber of Commerce (IN)
Fredonia Area Chamber of Commerce (KS)
Greater Topeka Chamber of Commerce (KS)
Wichita Metro Chamber of Commerce (KS)
Greater Louisville Inc - The Metro Chamber of Commerce (KY)
Kentucky Chamber of Commerce (KY)
Northern Kentucky Chamber of Commerce (KY)
World Trade Center Kentucky (KY)
Baton Rouge Area Chamber (LA)
Central Louisiana Chamber of Commerce (LA)
Chambers Southwest Louisiana (LA)
East St. Tammany Chamber of Commerce (LA)
Greater New Orleans, Inc. (LA)
New Orleans Chamber of Commerce (LA)
Associated Industries of Massachusetts (MA)
Carroll County Chamber (MD)
Salisbury Area Chamber of Commerce (MD)
Auburn Hills Chamber of Commerce (MI)
Detroit Regional Chamber of Commerce (MI)
Traverse City Area Chamber of Commerce (MI)
River Heights Chamber of Commerce (MN)
Missouri Chamber of Commerce (MO)
St. Louis Regional Chamber & Growth Association (MO)
Covington County Chamber of Commerce (MS)
Montana Chamber of Commerce (MT)
Ahoskie Chamber of Commerce (NC)
Cabarrus Regional Chamber of Commerce (NC)
Charlotte Chamber of Commerce (NC)
Fayetteville-Cumberland County Chamber of Commerce (NC)
Greater Raleigh Chamber of Commerce (NC)
Greater Wilmington Chamber of Commerce (NC)
Laurinburg / Scotland County Area Chamber of Commerce (NC)
North Carolina Chamber of Commerce (NC)
Rowan County Chamber of Commerce (NC)
North Dakota Chamber of Commerce (ND)
New Hampshire Business & Industry Association (NH)
Gateway Regional Chamber of Commerce (NJ)
Mercer Regional Chamber of Commerce (NJ)
New Jersey Chamber of Commerce (NJ)
Boulder City Chamber of Commerce (NV)
Carson Valley Chamber of Commerce and Visitors Authority (NV)
Henderson Chamber of Commerce (NV)
North Las Vegas Chamber of Commerce (NV)
White Pine Chamber of Commerce (NV)
Adirondack Regional Chamber of Commerce (NY)
Albany-Colonie Regional Chamber of Commerce (NY)
Buffalo-Niagara Partnership (NY)
Business Council of New York State, Inc. (NY)
Chamber of Schenectady County (NY)
Long Island Association (NY)
Manhattan Chamber of Commerce (NY)
North Country Chamber of Commerce (NY)
Rochester Business Alliance (NY)
Ashland Area Chamber of Commerce (OH)
Chamber of Commerce Serving Middletown, Monroe & Trenton (OH)
Cincinnati USA Regional Chamber of Commerce (OH)
Clermont Chamber of Commerce (OH)
Lima / Allen County Chamber of Commerce (OH)
Waterville Area Chamber of Commerce (OH)
Westerville Area Chamber of Commerce (OH)
Youngstown/Warren Regional Chamber (OH)
Cushing Chamber of Commerce (OK)
Tulsa Metro Chamber (OK)
Gresham Area Chamber of Commerce (OR)
Lebanon Chamber of Commerce (OR)
Portland Business Alliance (OR)
Wilsonville Area Chamber of Commerce (OR)
Erie Regional Chamber & Growth Partnership (PA)
Greater Pittsburgh Chamber of Commerce (PA)
Pennsylvania Chamber of Business and Industry (PA)
Schuylkill Chamber of Commerce (PA)
Northern Rhode Island Chamber of Commerce (RI)
Charleston Metro Chamber of Commerce (SC)
Greater Columbia Chamber of Commerce (SC)
Greater Summerville / Dorchester County
Chamber of Commerce (SC)
Greenville Chamber of Commerce (SC)
Hilton-Head Bluffton Chamber of Commerce (SC)
South Carolina Chamber of Commerce (SC)
Spartanburg Area Chamber of Commerce (SC)
Sioux Falls Area Chamber of Commerce (SD)
Chattanooga Area Chamber of Commerce (TN)
Elizabethton/Carter County Chamber of Commerce (TN)
Dallas Regional Chamber (TX)
Fort Worth Chamber of Commerce (TX)
Greater El Paso Chamber of Commerce (TX)
Greater Houston Partnership (TX)
Greater Irving-Las Colinas Chamber of Commerce (TX)
Greater San Antonio Chamber of Commerce (TX)
Lake Houston Area Chamber of Commerce (TX)
Longview Chamber of Commerce (TX)
Lubbock Chamber of Commerce (TX)
Richardson Chamber of Commerce (TX)
Richardson Chamber of Commerce (TX)
Santa Fe Chamber of Commerce (TX)
Sealy Chamber of Commerce (TX)
Texas Association of Business (TX)
American Forks Chamber of Commerce (UT)
Richfield Area Chamber of Commerce (UT)
Salt Lake Chamber of Commerce (UT)
Lynchburg Regional Chamber of Commerce (VA)
Northumberland County Chamber of Commerce (VA)
Virginia Chamber of Commerce (VA)
Vermont Chamber of Commerce (VT)
Association of Washington Business (WA)
Bellingham Chamber of Commerce (WA)
Economic Alliance Snohomish County (WA)
Greater Spokane Incorporated (WA)
Renton Chamber of Commerce (WA)
Seattle Metropolitan Chamber of Commerce (WA)
Tacoma-Pierce County Chamber of Commerce (WA)
Tri-City Regional Chamber of Commerce (WA)
Vancouver Chamber of Commerce (WA)
Middleton Chamber of Commerce (WI)
Oshkosh Chamber of Commerce (WI)