Exim Chairman Testifies Before House Financial Services – Committee on Reauthorization Eximbank
WASHINGTON, D.C. – On March 18th, President and Chairman of the Export-Import Bank of the United States (EXIM) John Jovanovic testified before the House Financial Services Committee during a hearing entitled, “Oversight of the Export-Import Bank.” The hearing focused on the Bank’s reauthorization and the importance of maintaining EXIM’s ability to be a frontline economic tool to revitalize American industry, strengthen our supply chains, and ensure American workers and exporters can compete around the world.
During his testimony, Chairman Jovanovic emphasized that EXIM is carrying out President Trump’s vision of reindustrializing America, securing our supply chains, and ensuring our economy works for American workers and American companies large and small alike. Additionally, he focused on EXIM’s core mission and the need for long-term reauthorization to provide certainty for American businesses, large and small, operating in international markets.
As Congress considers legislation to reauthorize EXIM, the Bank remains a diligent steward of American taxpayer dollars. EXIM conducts rigorous due diligence to ensure when undertaking a project, we are putting American exporters first. Since 1992, EXIM has returned $9.7 billion to the U.S. Department of the Treasury to help pay down the U.S. debt and nearly 90% of EXIM’s total transactions directly benefit U.S. small business exporters, ensuring that America’s entrepreneurial backbone has access to the financing tools needed to compete and win in global markets.
About Global Trade and Financing & Global Trade Insurance Corp.
Global Trade Insurance is a one of the top producers Registered Broker of Export Import Bank with 30 years’ experience in Trade Financing and Risk Mitigation Solutions. At Global Trade and Financing and Global Trade Insurance Corp., we provide comprehensive business solutions both domestically and internationally, specializing in trade insurance and financing. Unlike traditional banks, we offer flexible financing options tailored to meet the needs of both buyers and sellers.
Our financing solutions extend to buyers outside the U.S., covering short-, medium-, and long-term financing options. Additionally, we support project financing within U.S. territories, particularly for businesses that intend to export a portion of their production. Our goal is to facilitate global trade, mitigate risks, and empower businesses with the financial tools they need to expand and succeed in international markets.
Luis G Castillo
Director
Global Trade Insurance Corp & Global Trade and Financing.
