All verified mentions of this organization in source documents.
The Export-Import Bank reported in May that it had nearly $40,000,000,000 in backlogged deals it was unable to support without a quorum.
Owen Herrnstadt, chief of staff to the international president of the International Association of Machinists & Aerospace Workers, supports a 10-year authorization for the Export-Import Bank provided it is fully funded and otherwise supported.
The United States supported $27,400,000,000 in exports through the Export-Import Bank in fiscal year 2014, the last full year it had authorization and a quorum.
The Export-Import Bank’s exposure cap limited the agency to financing $135,000,000,000 in deals from 2015 to 2019.
The National Association of Manufacturers estimated that the United States lost at least $119,000,000,000 in manufacturing output after the Export-Import Bank largely ceased operations in 2015, resulting in 80,000 fewer manufacturing jobs in 2016 and 2017.
Senators confirmed Judith DelZoppo Pryor as a member of the Export-Import Bank board on 2019-05-08 by a vote of 77–19.
Without a quorum the Export-Import Bank board was unable to approve financing of deals valued at larger than $10,000,000.
Senators confirmed Spencer Bachus III as a member of the Export-Import Bank board on 2019-05-08 by a vote of 72–22.
Senators confirmed Kimberly Reed as president of the Export-Import Bank on 2019-05-08 by a vote of 79–17.
The confirmations created a quorum of three members on the Export-Import Bank’s five-person board for the first time since the bank’s charter was reauthorized in late 2015.
The Export-Import Bank played a role in financing several satellite and launch deals earlier in the decade before a congressional dispute led to a five-month lapse in its authorization in 2015.
Without a quorum, the Export-Import Bank is unable to approve deals larger than $10,000,000.
Senate Majority Leader Mitch McConnell filed cloture motions on 2019-05-02 for the nominations of Kimberly Reed to be president of the Export-Import Bank and Spencer Bachus III and Judith DelZoppo Pryor to serve on the bank's board.
The U.S. Export-Import Bank became less active following a six-month charter lapse in 2015 and a continued lack of a quorum needed to finance deals over $10,000,000.
The U.S. Export-Import Bank’s charter lapsed for six months in 2015 and the bank has lacked a quorum to finance deals over $10,000,000.
The lack of a quorum prevents the Export-Import Bank from approving any deals larger than $10,000,000.
The U.S. Export-Import Bank has lacked enough board members for a quorum since July 2015 and has been unable to approve projects over $10,000,000.
Ex-Im Bank’s 2017 annual report estimated nearly $40,000,000,000 in pending deals across various industries could not be fulfilled due to its lack of quorum.
Ex-Im Bank has lacked the ability to support large deals since 2015.