What Will California Do Without the Export-Import Bank?

It Is Time to Bring Back a Self-Sustaining State Export-Financing Agency

Suominen export import port

While the political battle over the future of the Export-Import Bank of the United States reaches fever pitch in the Senate, exporters in California and across the United States keep pursuing opportunities in overseas markets. They are often hobbled, however, in their efforts: The expiration of the Ex-Im Bank’s mandate on July 1 significantly complicated the ability of businesses, particularly smaller ones, to finance their export operations.

The House voted to reauthorize Ex-Im Bank on October 9, but Senate vote is still pending. Even if the bank were reauthorized, it …

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