According to a statement from McCaskill’s office, the senator plans to hear from employees on how their company has been impacted by the Export-Import Bank.
McCaskill recently sent a letter to companies in the Springfield area who have grown their businesses with the help of Export-Import Bank resources. McCaskill says without congressional action, the authorization for the Export-Import Bank is set to expire on September 30.
The Export-Import Bank finances foreign sales of U.S. products through loan guarantees, direct loans, and credit insurance, at no cost to taxpayers.
According to McCaskill, since 2009, the Export-Import Bank has supported $188 billion in U.S. exports and 1.2 million American jobs. The Export-Import Bank has supported $1 billion in exports from 96 Missouri companies since 2007. Nearly 85 percent of businesses supported by the Export-Import Bank are small and medium-sized businesses.
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