READOUT: EXIM Advisory Committee Meets to Discuss Supply Chain Resiliency, Subcommittee Recommendations
WASHINGTON – The 2021-2022 Advisory Committee of the Export-Import Bank of the United States (EXIM) met for the first time this year and third time during its term to discuss the Biden Administration’s supply chain agenda and the recommendations of its subcommittees.
Advisory Committee Chair, former Senator Heidi Heitkamp, presided over the virtual public meeting. In her first meeting with the Advisory Committee, EXIM President and Chair Reta Jo Lewis discussed her priorities for EXIM, which include forging bold partnerships and furthering the President’s whole-of-government approach to economic security. Chair Lewis also discussed opportunities to modernize EXIM as it supports American exporters competing globally. In recognition of Women’s History Month, Chair Lewis also announced the creation of the new EXIM Council on Advancing Women in Business, which will accept applications this summer.
Committee members were then briefed on the Biden Administration’s supply chain resiliency agenda and provided updates regarding EXIM’s proposed domestic financing initiative.
The Advisory Committee then heard tentative recommendations from subcommittee chairs, including the Chair’s Council on Climate, the Chair’s Council on China Competition, and the Subcommittee on Whole of Government Collaboration. The meeting closed with a brief discussion on EXIM’s Competitiveness Report followed by committee discussion and public comment.
EXIM’s Advisory Committee is a group of individuals in the private and public sectors that volunteer to represent various facets of the U.S. economy, including agriculture, commerce, environment, finance, labor, production, services, and small business. The committee provides input to EXIM on the effectiveness of its policies and programs in support of U.S. exporters and American jobs.
ABOUT EXIM:
The Export-Import Bank of the United States (EXIM) is the nation’s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt. Learn more at www.exim.gov.