South Carolina Supports Ex-Im Bank

South Carolina Governor Nikki Haley and U.S. Senators Lindsey Graham and Tim Scott have written to congressional leaders expressing support for the reauthorization of the Export-Import Bank.

“As elected officials from a state where thousands of hardworking families benefit from exports, we urge you to reauthorize the Export-Import Bank (Ex-Im) before its charter expires this year,” wrote Haley, Graham and Scott. “As the official export credit agency of the United States, Ex-Im is a vital export finance tool to the businesses in our state – at no cost to American taxpayers.

“Ex-Im allows South Carolina businesses to compete globally on a level playing field. Without Ex-Im our local businesses would be forced into a global market with foreign competitors that receive extensive support from their own export credit programs. Allowing Ex-Im to expire will deliberately disadvantage American businesses and lead to increased unemployment.”