Hispanic Chamber Asks for Your Support to Urge Congress to Reauthorize Funding for the Ex-Im Bank of the United States
The San Antonio Hispanic Chamber of Commerce encourages its members and respective constituencies to advocate for more than 200,000 employees at 3,400 companies who depend on the U.S. Export-Import (Ex-Im) Bank by reaching out to our congressional and senate leaders in Washington D.C… In early July President and CEO Ramiro A. Cavazos attended a meeting at the White House with Secretary of Commerce Penny Pritzker to discuss the importance of protecting jobs, securing economic prosperity for all Americans, and urging leaders to take a proactive role in reauthorizing funding for the Ex-Im Bank.
It is imperative that Congress acts swiftly to reauthorize the bank before its charter lapses on September 30, 2014. The U.S. Chamber of Commerce, a valued partner, took integral steps along with the National Association of Manufacturers (NAM) to create a coalition urging for this reauthorization. The coalition released the following, (release of a letter) from more than 800 companies and associations of all sizes showing the tremendous breadth and depth of support for the effort. Your San Antonio Hispanic Chamber signed this letter as part of this coalition’s efforts on behalf the of San Antonio small business community and to serve our mission of advocating for access to the Hispanic business market.
“This letter shows the overwhelming support for the Ex-Im Bank from American companies of every size, sector, and state,” said Ramiro A. Cavazos, President and CEO of the San Antonio Hispanic Chamber of Commerce. “With Americans focused on the need to create jobs and grow our economy, business owners are understandably perplexed by the political implications against the Ex-Im Bank. In particular, the thousands of small businesses that depend on the bank to be able to access foreign markets are threatened, therefore Congress must act so that the Bank’s charter does not lapse. This lapse could be detrimental to the ability for the small business community to do business at home and abroad.”
The Ex-Im Bank is critical to leveling the playing field in a fiercely competitive global economy where many foreign export credit agencies offer generous terms to U.S. competitors. Reliable access to export financing is vital to our global competitiveness, particularly in today’s troubled financial environment. Allowing the Ex-Im Bank to shut its doors would be a gift to foreign producers overseas and would result in the loss of numerous exports, manufacturing, and jobs here in the United States.
Securing reauthorization of the Ex-Im Bank is one of the Hispanic Chamber’s and business community’s top legislative priorities for the year. The bank’s support is especially important to small and medium-sized businesses, which account for nearly 90 percent of the bank’s transactions.
The San Antonio Hispanic Chamber of Commerce prides itself on contributing to the national conversation of business and financial policy and champions these critical business issues in Texas to increase economic prosperity and access for all American and Texan businesses. For more information about the San Antonio Hispanic Chamber of Commerce please visit www.sahcc.org.