SEATTLE – The Seattle Metropolitan Chamber of Commerce and its trade affiliate, Washington Council on International Trade, joined with organizations from across the country in sending a letter urging Congress to swiftly reauthorize the Export-Import Bank (Ex-Im) on Monday. The bank, which provides loans and loan guarantees to foreign buyers of U.S. goods, will see its charter lapse on September 30 unless Congress acts
“It’s getting down to crunch time and we urge members of Congress to act now,” said Maud Daudon, Chamber president and CEO. “Losing Ex-Im will put employers of all sizes at a competitive risk, and will hobble U.S. companies’ ability to compete on the global stage.”
The letter, signed by more than 800 chambers of commerce, companies and business associations across the country speaks to the overwhelming support for Ex-Im from American companies of every size, sector and region. Last year, Ex-Im supported $37 billion in exports that in turn sustained more than 200,000 American jobs at 3,400 companies. The Bank’s existence is especially important to small and medium-sized businesses, which account for nearly 90 percent of its transactions.
About The Seattle Metropolitan Chamber of Commerce
The Seattle Metropolitan (Seattle Metro) Chamber of Commerce is the largest and most diverse network of influential business leaders in the Puget Sound region. Founded in 1882 by local business leaders, the Chamber today is an independent organization of 2,200 businesses representing a regional workforce of approximately 700,000 people.