GAMA Welcomes U.S. House Passage Of Ex-Im Bank Reauthorization | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.13.24

Airborne-NextGen-05.14.24

Airborne-Unlimited-05.15.24 Airborne-AffordableFlyers-05.16.24

Airborne-Unlimited-05.17.24

Thu, Oct 29, 2015

GAMA Welcomes U.S. House Passage Of Ex-Im Bank Reauthorization

Calls Action A 'Critical Step' For GA Manufacturers

Passage of Export-Import Bank reauthorization by the U.S. House of Representatives is a necessary and critical step forward to ensure a level playing field for U.S. general aviation manufacturers in the global marketplace, according to GAMA. With the 313-118 vote, the legislation now heads to the U.S. Senate.

“We want to offer our sincere thanks to the members of the House of Representatives who stood up today to protect U.S. manufacturing jobs,” GAMA President and CEO Pete Bunce. “The vote showed what we knew all along: when given a chance to vote for the Bank’s reauthorization, an overwhelming number of members of Congress did so, demonstrating the tremendous bipartisan support the Bank enjoys. Now we need to find a pathway to ensure a reauthorization bill is sent to President Obama for his signature in short order. With similar export credit agencies operating right now in more than 60 other countries, America’s hard-working manufacturing employees deserve nothing less than a fair chance and level playing field to compete globally.”

The vote came after passage of a discharge petition to bring the bill to the House floor. The Bank has provided more than $1.9 billion to general aviation manufacturers since 2012 in financing guarantees that are often unavailable from commercial banks, allowing them to close deals with non-U.S. clients. The Bank also returns a surplus to U.S. taxpayers, amounting to $675 million just in Fiscal Year 2014.

(Source: GAMA news release)

FMI: www.gama.aero

Advertisement

More News

ANN's Daily Aero-Term (05.16.24): Instrument Runway

Instrument Runway A runway equipped with electronic and visual navigation aids for which a precision or nonprecision approach procedure having straight-in landing minimums has been>[...]

ANN's Daily Aero-Linx (05.16.24)

Aero Linx: Alaska Airmen's Association The Alaska Airmen's Association includes over 2,000 members—we are one of the largest General Aviation communities in the country. We s>[...]

Airborne 05.15.24: Ghost Sq MidAir, B-2 Junked, Dream Chaser Readies

Also: Flt School Security, G600 Steep-Approach, Honduran Aid, PW545D Cert Two aircraft performing at the Fort Lauderdale Air Show clipped wings during a routine last Sunday, spooki>[...]

Airborne 05.10.24: Icon Auction, Drunk MedEvac Pilot, Bell ALFA

Also: SkyReach Parts Support, Piper Service Ctr, Airliner Near-Miss, Airshow London The Judge overseeing Icon's convoluted Chapter 11 process has approved $9 million in Chapter 11 >[...]

Airborne Affordable Flyers 05.16.24: PRA Runway, Wag-Aero Sold, Young Eagles

Also: Paramotor Champ's, Electric Ultralight, ICON BK Update, Burt Rutan at Oshkosh! The Popular Rotorcraft Association is reaching out for help in rebuilding their private runway >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC