CBIA Joins Coalition Supporting Ex-Im Bank Reauthorization

CBIA has signed onto a U.S. Chamber of Commerce-led coalition letter urging Congress to pass a long-term reauthorization of the Export-Import Bank of the United States.

The letter, sent to members of Congress July 21, was organized on behalf of “organizations representing manufacturers, agricultural businesses, service companies, and other business from across the U.S.”

CBIA joined roughly 200 state and national organizations, including major manufacturers and trade groups such as the National Association of Manufacturers, the Aerospace Industries Association, Boeing, Lockheed Martin, RTX, Ford Motor Company, and the Business Roundtable.

The Waterbury Regional Chamber also signed on behalf of Connecticut.

Ex-Im Bank’s general statutory charter is set to expire this year, with the bank’s current authorization scheduled to lapse Dec. 31, 2026, unless Congress acts.

Financing Tool

The coalition letter warns that if lawmakers fail to reauthorize the bank, it “generally could not approve new transactions,” undermining a financing tool that exporters rely on to compete against foreign rivals.

More than 115 foreign export credit agencies actively support their countries’ exporters, including China, which provided an estimated $24 billion in export credit support in 2024—more than four times the volume the U.S. officially supported that year.

Ex-Im authorized $8.7 billion in transactions in fiscal year 2025, supporting an estimated 40,000 American jobs.

Ex-Im is especially critical in strategic industries such as aerospace, energy, nuclear technologies, and heavy manufacturing, where the letter says foreign competitors are “aggressively deploying state-backed financing to secure long-term commercial and geopolitical advantages.”

Ex-Im authorized $8.7 billion in transactions in fiscal year 2025, supporting an estimated 40,000 American jobs, with more than 87% of those transactions directly supporting small businesses.

The signatories also point out that the bank has generated a net $9.8 billion for the U.S. Treasury since 1992 and maintains a low default rate.