I sent this letter with South Carolina Governor Nikki Haley and Senator Tim Scott in support of reauthorization of the Export-Import (Ex-Im) Bank. As the official export credit agency of the United States, Ex-Im is a vital export finance tool to the businesses in our state – at no cost to American taxpayers. Ex-Im allows South Carolina businesses to compete globally on a level playing field. Without Ex-Im our local businesses would be forced into a global market with foreign competitors that receive extensive support from their own export credit programs. Allowing Ex-Im to expire will deliberately disadvantage American businesses and lead to increased unemployment.
Posted on: Fri, 11 Jul 2014 16:31:07 +0000
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