Support the Export- Import Bank
The Export-Import Bank is the official export credit agency for the U.S. Government. The Bank’s future is being debated in Congress because its charter expires September 20. Without reauthorization, the bank closes October 1. By reauthorizing the Export-Import Bank, Congress can help keep the Washington Aerospace Cluster globally competitive.
Since 1935, the Export-Import Bank has provided loans, loan guarantees, and credit insurance to foreign companies purchasing American goods. Washington State is the largest single beneficiary of export-import financing, largely because 80 percent of Boeing aircraft are sold outside the U.S.
Since many foreign countries subsidize their major industries, reauthorization is an important tool to be able to compete successfully against foreign competitors that have access to even larger export credit assistance programs administered by their own governments. The Export-Import Bank gives us a competitive advantage in an intensely competitive aircraft market at no cost to the American taxpayer. Please encourage your legislators to support reauthorization of the Export-Import Bank.
Click here for a sample letter to send to your legislators.
PNAA is supportive of the direction the Governor's budget is taking and looks forward to assisting the new Governor and the caucuses of both houses to formulate budget elements that support both the industry and State's future economic growth