To the Editor:
Re “China’s Edge Over U.S. Contractors in Africa: Truckloads of Loans” (front page, Jan. 13):
What’s missing? The Export-Import Bank of the United States. Ex-Im, as it is known, founded in 1934, is the federal agency empowered to support United States exporters who face foreign competition backed by their own governments.
The Republican-controlled Senate, and in particular Senators Pat Toomey and Richard Shelby, have blocked confirmation votes on Trump administration nominees for chairman, board and inspector general. Without those confirmations, the agency lacks a quorum to support financing for United States exports and jobs.
We have a remedy; the Senate needs to vote to confirm the board.
Fred P. Hochberg
Washington
The writer was chairman of the Export-Import Bank of the United States, 2009-17.
Source: Read Full Article
Home » Analysis & Comment » Opinion | Helping U.S. Exporters
Opinion | Helping U.S. Exporters
To the Editor:
Re “China’s Edge Over U.S. Contractors in Africa: Truckloads of Loans” (front page, Jan. 13):
What’s missing? The Export-Import Bank of the United States. Ex-Im, as it is known, founded in 1934, is the federal agency empowered to support United States exporters who face foreign competition backed by their own governments.
The Republican-controlled Senate, and in particular Senators Pat Toomey and Richard Shelby, have blocked confirmation votes on Trump administration nominees for chairman, board and inspector general. Without those confirmations, the agency lacks a quorum to support financing for United States exports and jobs.
We have a remedy; the Senate needs to vote to confirm the board.
Fred P. Hochberg
Washington
The writer was chairman of the Export-Import Bank of the United States, 2009-17.
Source: Read Full Article