FOR IMMEDIATE RELEASE May 29, 2019
Linda Formella (202-565-3204)
Washington, D.C. – Today Kimberly A. Reed, president and chairman of the Export-Import Bank of the United States (EXIM), was sworn in ceremonially in the Oval Office of the White House. President Donald J. Trump participated in the swearing-in. Vice President Michael R. Pence administered the oath of office. Chairman Reed’s father, Terry D. Reed of Buckhannon, W.Va., held the family Bible.
Chairman Reed was confirmed by the U.S. Senate by an overwhelming bipartisan majority of votes on May 8 and officially sworn into office on May 9 before hundreds of EXIM colleagues at the bank’s headquarters in Washington, D.C.
“I am deeply honored for this opportunity to serve my nation and to work to put ‘America First’ by helping the thousands of U.S. companies that EXIM supports, both small and large, to create American jobs and grow our nation’s economy,” said EXIM President and Chairman Reed. “President Trump’s support for EXIM’s mission of creating jobs through supporting the sale of U.S. exports around the globe has brought us to this moment. Our great American businesses are operating in a global marketplace where competition by other nations, particularly China, has never been more intense. I am committed to fully reopening, reforming, and reauthorizing the bank so that we can successfully fight and win on behalf of America’s manufacturers and their workers, while also protecting the American taxpayer.”
ABOUT EXIM BANK:
EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to overseas purchasers of U.S. goods and services. A robust EXIM can level the global playing field for U.S. exporters when they compete against foreign companies that receive support from their governments. EXIM also contributes to U.S. economic growth by helping to create and sustain hundreds of thousands of jobs in exporting businesses and their supply chains across the United States. In recent years, 90 percent of the total number of the bank’s authorizations has directly supported small businesses. Since 2000, EXIM has sent $14.8 billion to the U.S. Treasury after paying for all of its administrative and program expenses.
For more information about EXIM, please visit www.exim.gov.