- Press Release
- Nov 29, 2022
AIA Launches Campaign to Ensure Long-Term Health of Ex-Im Bank
The Aerospace Industries Association is launching a multi-tiered campaign reiterating the importance of the long-term health of the U.S. Export-Import Bank ahead of an important nomination hearing for the Bank leadership.
This week, AIA President and CEO David F. Melcher sent a letter to the Senate Banking, Housing, and Urban Affairs Committee, calling on them to restore a working quorum on the Bank’s Board of Directors by confirming four of the nominees and rejecting confirmation of Scott Garrett. Concurrently, AIA is launching an ad campaign highlighting the importance of confirming an Ex-Im Chairman that believes in the important mission Ex-Im plays in the American economy. Nominee Scott Garrett has a long history of actions and statements designed to destroy the agency, demonstrating he is not the leader Ex-Im needs or American industry deserves.
As the Voice of American Aerospace and Defense, AIA has continued to advocate for policies, including a fully-functional Ex-Im Bank, that bolster an industry at the core of the American economy.
Ex-Im Bank supports millions of U.S. jobs by enabling businesses of all sizes to compete more successfully in the global economy. It is a vital tool in leveling the global playing field, helping businesses in the United States to secure new customers, particularly in emerging markets. The Bank deserves a leader that believes in its mission, will bolster and forcefully advocate for its programs, and advocate for American manufacturers.
We are encouraged to see movement on this issue, as Ex-Im has not been fully functional since its charter was allowed to lapse on July 1, 2015. We applaud the Administration’s nominations of Kimberly Reed, Judith Pryor, Spencer Bachus and Claudia Slacik to the Ex-Im Bank Board.
For more information on our positions and to see the ad, our letters to the Hill and our many position statements on the Ex-Im Bank, please visit https://www.aia-aerospace.org/issue/exportimport-bank/.