U.S. Aerospace Industry Hails Ex-Im Bank Reauthorization | Aviation International News

U.S. Aerospace Industry Hails Ex-Im Bank Reauthorization

The U.S. House and Senate by wide margins passed highway legislation containing a four-year reauthorization of the Ex-Im Bank.

The Export-Import Bank in Washington, D.C., continued managing its loan portfolio when its authorization lapsed. (Photo: Bill Carey)

December 4, 2015

The U.S. aerospace industry hailed the December 3 passage by Congress of legislation that renews the operating authority of the Export-Import Bank more than five months after that authority expired. The dispute over preserving the export credit agency pitted aerospace and other manufacturers against arch conservative lawmakers who accused the institution of cronyism and skewing free-market competition in favor of large companies.

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