Johnson Praises Renewal of Export-Import Charter

Dollar Sign

 

SIOUX FALLS, S.D. (AP) – Sen. Tim Johnson is praising the Senate’s passage of legislation to renew the charter of the Export-Import Bank.
The bill reauthorizes the bank for three years and raises its lending cap from the current $100 billion to $140 billion.
Johnson, who chairs the Senate Banking Committee, says the higher lending authority will ensure the Export-Import Bank can grow to meet the future needs of American exporters.
The South Dakota senator calls the bill an important step in supporting American businesses and workers.
Johnson says a failure to reauthorize the bank would have put American exporters at a steep disadvantage to their international competitors and put at risk nearly 300,000 American jobs.


Comment Disclaimer: The views and opinions expressed in the comments section of DakotaRadioGroup.com are solely those of the comment author and do not necessarily reflect the views and opinions held by DakotaRadioGroup.com.

Leave a Comment