Support for Marianas exports ok’d

Nov 3, 2019

The House Financial Services Committee passed legislation reauthorizing the Export-Import Bank for the next decade, including a bill I cosponsored creating a dedicated office to support exporters from the Marianas and other U.S. territories. The bill creates the Office of Territorial Exporting within the Bank to promote goods and services from the territories, conduct outreach, education, and to increase the total amount of loans, guarantees, and insurance provided by the Bank benefiting the Marianas and other U.S. territories. The Export-Import Bank’s authorization expires on November 21, 2019.