Export-Import Bank of the United States Chair Lewis Testifies Before U.S. House Committee on Financial Services
WASHINGTON, DC – President and Chair of the Export-Import Bank of the United States (EXIM) Reta Jo Lewis testified before the House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions.
The hearing, which was entitled “The Role of the Export-Import Bank of the United States Amid Intensifying Economic Competition with China,” was led by Chairman Blaine Luetkemeyer (MO-03) who opened the hearing by reaffirming EXIM’s vital role in the U.S.’ ability to promote global economic leadership and lauding the Bank’s ability to successfully manage risks.
The first time since 2015 that a sitting Chair of EXIM has testified before the committee, Chair Lewis fielded questions from several members, highlighting the ongoing success of EXIM’s China and Transformational Exports Program (CTEP), which was established as a congressional mandate under the 2019 reauthorization.
Chair Lewis also focused on the need for a default rate cap exemption for CTEP transactions to level the playing field for U.S. exporters. Chair Lewis called to reauthorize EXIM ahead of the Bank’s charter expiration at the end of 2026 with enhancements to the CTEP mandate.
Chair Lewis also spotlighted EXIM’s mission-driven work to advance and increase the export of American goods and services to more global markets and its unwavering support of U.S. small businesses.
Over the course of the hearing multiple members spotlighted the work EXIM has done throughout its ninety-year history domestically and internationally, even bringing in small business owners who had been directly affected by EXIM’s work.
To view Chair Lewis’ full testimony, click here.
ABOUT EXIM:
The Export-Import Bank of the United States (EXIM) is the nation’s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Learn more at www.exim.gov.