On
February 9-10, the Chamber joined with a broad coalition of industry
representatives to meet with members of Congress and staff to press for
approval of legislation reauthorizing the Export-Import Bank of the
United States (Ex-Im) and increase its lending cap.
With more than 60
business representatives taking part, teams met with nearly 200 House
offices. Among the leave-behinds, the Chamber distributed "Myths and Facts about the Export-Import Bank of the United States." The
document reads in part: "Far from being a handout to corporations,
Ex-Im turns a profit for the American taxpayer. Since 2005, Ex-Im has
generated more than $3.4 billion to the Treasury above all costs and
loss reserves, including $700 million in FY 2011 alone...
Small
businesses account for 87% of Ex-Im's transactions; further, these small
business transaction figures do not include the tens of thousands of
small and medium-sized businesses that supply goods and services to
large exporters." For details, please contact Stefanie Holland, Director
for International Policy (sholland@uschamber.com).
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