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EX-IM BANK NAMES 2000 ADVISORY COMMITTEE

Expert Panel Convenes First Meeting March 27

FOR IMMEDIATE RELEASE March 16, 2000

Media Contact Name/Phone: 

Marianna Ohe (202) 565-3200

The Export Import Bank of the United States (Ex-Im Bank) today announced the members of its 2000 Advisory Committee, which will be chaired by Owen E. Herrnstadt, director-international affairs, International Association of Machinists and Aerospace Workers. It is the first time a representative of the labor sector will chair the committee. Now in its 17th year, the Congressionally-mandated Advisory Committee helps Ex-Im Bank formulate policies and programs by providing input from various sectors of the economy. The Committee's first meeting will take place Monday, March 27, 2000 at 9:30 a.m.

The Advisory Committee meets four times yearly (the other three meetings this year are June 15, September 20 and December 13) to examine Ex-Im Bank's programs and make recommendations for enhancing service and outreach. The theme of this year's meetings is a broad exploration of the changing world of global export finance and Ex-Im Bank's role in it.

This year's members and the sectors they represent are as follows:

CHAIR - OWEN E. HERRNSTADT
Director, International Affairs
International Association of Machinists and Aerospace Workers
Upper Marlboro, MD
Representing Labor

JEFFREY B. ADAMS
Director of International Marketing and Administration
Lamb Greys Harbor Co.
Hoquiam, WA
Representing Small Business

STEVEN G. LAMB
President and Chief Operating Officer
CNH Global N.V.
Racine, WI
Representing Agriculture

IAN M. WATSON McLAUGHLIN
President
Watson Machinery, International
Paterson, NJ
Representing Production/Small Business

JAMES V. ORLANDO
Assistant Treasurer
Lucent Technologies, Inc.
Warren, NJ
Representing Production

KENNETH A. OYE
Director
Center for International Studies,
Massachusetts Institute of Technology
Cambridge, MA
Representing Academia

JAMES D. PRICE
Managing Director
Price & Marshall, Inc.
New York, NY
Representing Finance

HECTOR E. RETTA
Senior Vice President
Bank One
Dallas, TX
Representing Finance

JOHN J. SALINGER
President
AIG Global Trade & Political Risk Insurance Co.
New York, NY
Representing Services

GERALD W. SMITH
President
Transcon Trading Co., Inc.
Irmo, SC
Representing Services/Small Business JOSEPH

W. SUTTON
Vice Chairman
Enron Corp.
Houston, TX
Representing Production.HARRIET TAMEN
Attorney-at-Law
Tamen Law Office
New York, NY
Representing Commerce

DANIEL K. TARULLO
Professor of Law
Georgetown University Law Center
Washington, D.C.
Representing Academia

TOMMY G. THOMPSON
Governor of Wisconsin
Office of the Governor
Madison, WI
Representing State Government

DAVID A. SMITH
Director of Public Policy
AFL-CIO
Washington, D.C.
Representing Labor

Herrnstadt and four other committee members (McLaughlin, Retta, Gerald Smith and Thompson) are serving repeat terms on the committee. The rest are new members.

Ex-Im Bank is an independent U.S. government agency that assists in financing the export of US goods and services to developing markets around the world by providing loans, guarantees and export credit insurance. Worldwide in fiscal year 1999, Ex-Im Bank supported nearly $17 billion of US exports.