Export-Import Bank Reauthorization
Due to technical difficulties the program ends abruptly after the last question was answered.
Export-Import Bank President Fred Hochberg testified at a hearing on the bank’s re-authorization, which was set to expire June 30, 2015. The bank… read more
Export-Import Bank President Fred Hochberg testified at a hearing on the bank’s re-authorization, which was set to expire June 30, 2015. The bank is a federally-backed institution that guarantees loans for purchases of U.S. exports. Topics addressed in the hearing were the Export-Import’s risk management practices, the definition of defaults, the economic impact of funding a foreign company that competes with U.S. businesses, and the benefits of having foreign companies buy U.S. goods.
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