BAFT News and Press Releases

Please direct all media inquiries to Blair Bernstein (Public Relations) or Gregory Kramer (General Communications).

BAFT Applauds Passage of Long-Term Reauthorization of the U.S. Export-Import Bank

by Tod Burwell | Dec 19, 2019
We commend congressional leaders for including EXIM reauthorization in the year-end government funding legislation. Bipartisan passage of this seven-year reauthorization, the longest ever in EXIM history, heralds a new era for the agency.

WASHINGTON — BAFT, the leading global trade association for transaction banking, applauds Congress for passing government funding legislation that includes a seven-year reauthorization of the Export-Import Bank (EXIM). BAFT President and CEO, Tod Burwell issued the following statement:

“We commend congressional leaders for including EXIM reauthorization in the year-end government funding legislation. Bipartisan passage of this seven-year reauthorization, the longest ever in EXIM history, heralds a new era for the agency. Since EXIM was last reauthorized, foreign export credit agencies have continued to grow and expand the scope of their work. Passing a long-term reauthorization, which includes alternative procedures during a Board quorum lapse, provides market certainty, supports U.S. jobs, and ensures that American companies can compete globally. Our member banks work with EXIM to fill required financing gaps, and ensure the availability and affordability of trade finance for businesses of all sizes. We look forward to partnering with EXIM to deliver trade finance products that are crucial to international commerce and the growth of the U.S. economy.”

Media should contact Blair Bernstein at bbernste@aba.com for any inquiries.