Financial Services Roundtable CEO Tim Pawlenty discusses the after-effects of Dodd-Frank, the need to find regulatory balance between providing protection and hindering economic activity, concerns over the Johnson-Crapo GSE reform proposal, and more.
Lending and Leasing posted on June 24, 2014 at 11:44am
Keeping our nation competitive in the international marketplace is critical to our economy. We live in a global economy, and exporting can be complex and sometimes risky. The Export-Import Bank is an important component in ensuring American businesses do not suffer from a competitive disadvantage to international forces.
Failure to reauthorize the Export-Import Bank could impact the fragile job and economic growth currently underway, said the Financial Services Roundtable (FSR). The Ex-Im Bank enables exporting where private sector financing gaps exist and foreign countries place American companies at an unfair disadvantage. Policymakers should act to sustain existing jobs and grow new jobs without cost to taxpayers by reauthorizing the Ex-Im Bank.