A Vote Against the Ex-Im Bank is a Vote Against U.S. Manufacturers

Congress is set to vote on reauthorization of the Export-Import bank this year, its current authorization expires on September 30. Unfortunately, the agency, which provides financing and insurance for foreign purchasers of U.S. exports, has come under fire from “populists” on the left and right who argue the bank is an example of “crony capitalism.” However, given the positive impact the agency has on American exports and traded sector industries a vote against the bank is a vote against U.S. jobs.