Export-Import Bank reauthorized, a boon for state economy


 On Friday the president signed legislation reauthorizing the Export-Import Bank. We’ve written about the issue before, most recently here. It’s been a long road to reauthorization. The Seattle Times editorial board hails the move

CONGRESS made the right choice in restoring the Export-Import Bank.

…That is great news for hundreds of large and small companies nationwide, such as Mukilteo-based Vista Clara. The maker of groundwater detection instruments sells many of its products, priced between $100,000 and $300,000, to foreign governments, universities and companies.

In this trade-dependent state, the bank’s reauthorization has been a top priority for business groups

Boeing president and CEO Dennis Muilenburg also celebrated the decision.

“We commend the bipartisan majorities in both the House and the Senate that recognized the Ex-Im Bank’s value to the U.S. economy by voting several times in recent months to reauthorize,” Muilenburg said in the statement. “With these votes, Congress did the right thing for workers at companies large and small across the nation, including the 1.5 million workers at nearly 15,000 U.S. companies that help Boeing design, make and support America’s aerospace exports.”

The blog of the National Association of Manufacturers calls it a massive victory for manufacturers.

It’s a great to be able to celebrate bipartisan cooperation to preserve and expand economic opportunity.