AIA welcomes House vote to reauthorize Export Import Bank.
Press Release Summary:
According to statement made by AIA President and CEO David F. Melcher, passage of Rep. Fincher’s (R-Tenn.) bill in the House marks an important step in reauthorizing the Export Import Bank of the United States. ExIm Bank is a valuable tool supporting exports in the aerospace and defense industry. We are relieved that common sense has prevailed and the majority has found a way – even using the unconventional "discharge" process – to express its will.
Original Press Release:
AIA Welcomes House Vote to Reauthorize ExIm Bank
Statement by Aerospace Industries Association President and CEO David F. Melcher on the passage in the House of a bill reauthorizing the Export Import Bank of the United States.
Arlington, Va. — Today’s passage of Rep. Fincher’s (R-Tenn.) bill in the House marks an important step in reauthorizing the Export Import Bank of the United States. The ExIm Bank is a valuable tool supporting exports in the aerospace and defense industry – the leading export industry in the U.S. manufacturing sector with a trade surplus of nearly $62 billion. We are relieved that common sense has prevailed and the majority has found a way – even using the unconventional “discharge” process – to express its will.
But the work is not yet done. So far, American companies have lost three space payload orders, billions of dollars in commercial airplane sales are at risk, and several companies are talking about moving operations overseas – all because ExIm Bank financing has not been available since July 1. Enough is enough – identical language has now passed in both the House and Senate. Both chambers have expressed their will. We strongly urge House and Senate leadership to join in a cooperative, bipartisan spirit and do the right thing to restore our country's global competitiveness: take the necessary steps to reauthorize the Export-Import Bank.
CONTACT:Â Keith Mordoff
(703) 358-1075 office
(240) 338-1255 mobile
keith.mordoff@aia-aerospace.org
Founded in 1919 shortly after the birth of flight, the Aerospace Industries Association is the most authoritative and influential trade association representing the nation’s leading manufacturers and suppliers of civil, military and business aircraft, helicopters, unmanned aircraft systems, space systems, aircraft engines, homeland and cybersecurity systems, materiel and related components, equipment services and information technology.
Daniel N. Stohr
Director, Communications
Aerospace Industries Association
1000 Wilson Blvd., Suite 1700
Arlington, Virginia 22209 USA
T: 703-358-1078 C: 703-517-8173
dan.stohr@aia-aerospace.org
