Ex-Im Bank reauthorised to support American exports
28 October 2015
US industry has applauded the reauthorisation of the Ex-Im Bank, which supports it in selling goods and services abroad and is a pre-requisite for major nuclear exports.
The House of Representatives approved a reauthorisation bill by 313 votes to 118 yesterday bringing to an end a ten-month period of debate. The Senate must also approve the bill, after which Ex-Im would restart operations in earnest and make some changes specified in the bill intended to increase transparency and accountability.
Marvin Fertel, head of the US Nuclear Energy Institute said the move would "strengthen US competitiveness in the global economy." He said, "Continued operation of the Ex-Im Bank will translate into hundreds of thousands of jobs for the American people. Particularly in the nuclear energy sector, these are good-paying jobs that leverage US expertise in a technology area increasingly recognised as a way to raise living standards without emitting carbon."
Researched and written
by World Nuclear News