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A broad coalition of U.S. business organizations, including the Arizona Chamber of Commerce & Industry and the Arizona Manufacturers Council, is urging Congress to approve a long-term reauthorization of the Export-Import Bank of the United States (EXIM), arguing the agency plays a critical role in helping American manufacturers compete globally.

In a July 21 letter to lawmakers, 319 companies, trade associations, state chambers of commerce, manufacturers’ groups and local business organizations from all 50 states called on Congress to pass a robust 10-year reauthorization of EXIM before its authorization expires later this year.

The coalition argues that export financing has become an increasingly important competitive tool as foreign governments expand support for their domestic industries. The letter notes that more than 115 foreign export credit agencies are actively supporting exporters in their respective countries and points to China’s estimated $24 billion in medium- and long-term export credit support in 2024, more than four times the volume officially supported by the United States.

鈥淓XIM is an essential tool that helps American exporters compete globally and level the playing field,鈥� the organizations wrote, adding that the bank鈥檚 financing programs can determine whether U.S. companies win international contracts, expand operations and create jobs.

According to the coalition, EXIM authorized $8.7 billion in transactions during fiscal year 2025, supporting approximately 40,000 American jobs. More than 87% of those transactions directly benefited small businesses. Since 1992, the bank has generated a net $9.8 billion for the U.S. Treasury while maintaining a low default rate.

鈥淎rizona manufacturers compete in a global marketplace every day. The Export-Import Bank helps ensure that American companies aren鈥檛 forced to compete with one hand tied behind their backs while foreign governments aggressively finance their own industries,鈥� Arizona Manufacturers Council Executive Director Grace Appelbe said. 鈥淎 long-term reauthorization of EXIM will provide the certainty businesses need to invest, grow, and support high-quality manufacturing jobs here in Arizona and across the country, which is why we鈥檙e urging Congress to act.鈥�

Beyond extending the agency鈥檚 authorization for a decade, the letter calls on Congress to strengthen EXIM鈥檚 ability to operate during board vacancies, expand its China and Transformational Exports Program, and revise lending restrictions that the coalition says unnecessarily limit the bank’s competitiveness against foreign export credit agencies.

Arizona organizations signing the letter include the Arizona Chamber of Commerce & Industry, Arizona Manufacturers Council, Arizona Regional 91直播 Foundation, Buckeye Valley Chamber of Commerce, Chandler Chamber of Commerce, Coolidge Chamber of Commerce, Fountain Hills Chamber of Commerce, Greater Phoenix Chamber, Mesa Chamber of Commerce, Nogales Santa Cruz County Chamber of Commerce, PHX East Valley Partnership, Scottsdale Area Chamber of Commerce, and The Chamber of Southern Arizona. The National Association of Manufacturers coordinated the nationwide sign-on effort, which drew support from major corporations including Boeing, Ford Motor Co., Lockheed Martin, Siemens Energy, Toyota Motor North America and the U.S. Chamber of Commerce, along with hundreds of state and local business organizations.

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