Search
 
News

Ex-Im Is Back

Hamstrung since 2015, the U.S. Export-Import Bank is functional once again, as trio of Trump nominees are confirmed.

By Daniel Flatley | May 08, 2019 at 02:53 PM

The U.S. Export-Import (Ex-Im) Bank once again has the ability to back deals of more than $10 million—for the first time since 2015—after the Senate on Wednesday confirmed President Donald Trump’s three nominees.

Senators confirmed Kimberly Reed for president of the bank, and former Representative Spencer Bachus and Judith DelZoppo Pryor to be members of the board of directors, providing the quorum needed to approve large deals. The nominees were confirmed despite objections from conservative Republicans who say the Ex-Im Bank provides corporate welfare for wealthy manufacturing and aerospace companies such as Boeing Co. and General Electric Co. and for big banks, like JPMorgan Chase & Co., that help finance deals.

See also:

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

 

Recommended Stories

Treasury Cash Pile Hits New Low

Treasury Cash Pile Hits New Low

Alexandra Harris |

The Treasury Department will sell an unusually short-dated bill tomorrow, as it seeks to maneuver around the strictures of the debt ceiling.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2023 ALM Global, LLC. All Rights Reserved.