South Carolina Governor Nikki Haley and U.S. Senators Lindsey Graham and Tim Scott have written to congressional leaders expressing support for the reauthorization of the Export-Import Bank.
“As elected officials from a state where thousands of hardworking families benefit from exports, we urge you to reauthorize the Export-Import Bank (Ex-Im) before its charter expires this year,” wrote Haley, Graham and Scott. “As the official export credit agency of the United States, Ex-Im is a vital export finance tool to the businesses in our state – at no cost to American taxpayers.
“Ex-Im allows South Carolina businesses to compete globally on a level playing field. Without Ex-Im our local businesses would be forced into a global market with foreign competitors that receive extensive support from their own export credit programs. Allowing Ex-Im to expire will deliberately disadvantage American businesses and lead to increased unemployment.”
Topics South Carolina
Was this article valuable?
Here are more articles you may enjoy.
Berkely Says It’s No Longer Pressured to Push for Rate ‘Across the Board’ 
20,000 AI Users at Travelers Prep for Innovation 2.0; Claims Call Centers Cut 
Progressive Q4 Income Up 25%; CFO Sauerland to Retire in July 
Florida Board Drafting Rules That Could Stem Bogus Engineering Reports in Claims From This Issue
