Statement of Fred P. Hochberg on Ex-Im’s Extension

Washington, DC – Ex-Im Bank Chairman and President Fred P. Hochberg issued the following statement regarding Senate passage of a nine-month extension of the Export-Import Bank’s charter:

“I look forward to working with Congress on the passage of a long-term reauthorization of the Export-Import Bank in order to bring certainty to the hundreds of thousands of Americans whose jobs depend on a level playing field for U.S. goods and services. Businesses don’t pursue overseas sales, invest in their operations, or hire new employees on a month-to-month basis. Similarly, quality American goods shouldn’t lose out to aggressive foreign competitors because of the Export-Import Bank’s still-uncertain future. Overwhelmingly bipartisan majorities in Congress have extended our charter 16 times, and I’m confident that together we can again find a long-term solution. Small businesses and workers in communities across America are counting on it.”