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NAM urges approval of Ex-Im nominees

The National Association of Manufacturers (NAM) has urged senators to approve President Trump's four nominees for the board of the US Export-Import (Ex-Im) Bank, following the resignation of the last remaining board member, Scott Schloegel.

Jay Timmons, NAM president and ceo, has sent a letter to each member of the US Senate regarding the departure of Scott Schloegel, urging the approval of Spencer Bachus, Judith Pryor, Kimberly Reed and Claudia Slacik.

Timmons wrote: "Since mid-2015, the Ex-Im Bank has been operating well below capacity, unable to consider loans greater than USD10 million. As a result, countries in Europe and beyond have been luring US manufacturers to set up shop overseas to take advantage of foreign export financing because the US system is effectively broken."

According to Timmons, manufacturers want to see the holds on the nominees lifted and action to move the nominations to the floor for consideration as soon as possible.

In autumn 2017, the Senate Banking Committee approved Bachus, Pryor, Reed and Slacik as nominees for the Ex-Im Bank's board. If the four board members were approved by the US Senate, the bank would have the quorum needed to resume reviews and approvals of projects of all sizes.

www.nam.org

Heavy Lift | News

AAPA promotes Long and Martino thumbnail image

AAPA promotes Long and Martino

December 12 - The American Association of Port Authorities (AAPA) has promoted Mary Beth Long to vice president of external affairs, and Meredith Martino to vice president of member engagement.
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Mammoet revitalises Pier 70 thumbnail image

Mammoet revitalises Pier 70

December 12 - Mammoet has transported a 175-tonne steel building frame as part of the Pier 70 revitalisation project in San Francisco, USA.
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Crane Worldwide opens in Savannah thumbnail image

Crane Worldwide opens in Savannah

December 12 - Crane Worldwide Logistics has opened a new facility in Savannah, Georgia, which will enhance its services on the USA’s East Coast.
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