AIAA Statement on Senate Confirmation of U.S. Export-Import Bank Board Members Written 8 May 2019
CONTACT: Michele McDonald
May 8, 2019 – Reston, Va. – The American Institute of Aeronautics and Astronautics (AIAA) applauds the confirmation of Kimberly Reed, Judith DelZoppo Pryor, and former Congressman Spencer Bachus to the U.S. Export-Import Bank Board.
AIAA Executive Director Dan Dumbacher made the following statement upon the Senate vote.“Since the Ex-Im Bank was reauthorized in December 2015, its board has been absent a quorum and unable to approve loans in excess of $10 million, placing U.S. aerospace companies at a tremendous disadvantage when competing in the global market. For more than three years AIAA has called on Congress to restore the export credit agency to full functionality. The Senate’s action today is welcome news to the aerospace industry and to all American manufacturers selling products internationally. We ask that Congress act to reauthorize the bank so it can continue to protect the competitiveness of our domestic aerospace and manufacturing sectors.”
The American Institute of Aeronautics and Astronautics (AIAA) is the world’s largest aerospace technical society. With nearly 30,000 individual members from 85 countries, and 95 corporate members, AIAA brings together industry, academia, and government to advance engineering and science in aviation, space, and defense. For more information, www.aiaa.org, or follow us on Twitter @AIAA.
American Institute of Aeronautics and Astronautics
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