Bloomberg News

U.S. Governors Urge Congress to Renew Export-Import Bank

March 19, 2012

A bipartisan group of U.S. governors, including Republican Jan Brewer of Arizona and Democrat Jerry Brown of California, sent congressional leaders a letter urging reauthorization of the U.S. Export-Import Bank.

The governors from 19 states urged lawmakers to pass a four-year reauthorization of the lender with a loan limit of no less than $135 billion, a 35 percent increase from the current cap, according to a copy of the letter provided by Boeing Co. (BA), which has also pushed to reauthorize the lender.

The letter was dated today and addressed to House Speaker John Boehner, an Ohio Republican, House Minority Leader Nancy Pelosi, a California Democrat, Senate Majority Leader Harry Reid, a Nevada Democratm, and Senate Minority Leader Mitch McConnell, a Kentucky Republican.

To contact the reporter on this story: Eric Martin in Washington at emartin21@bloomberg.net

To contact the editor responsible for this story: Steve Geimann at sgeimann@bloomberg.net


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