Washington, DC, – CompTIA, the Computing Technology Industry Association, today issued the following statement regarding the House passage of the Export-Import Bank reauthorization. The following statement should be attributed to Elizabeth Hyman, Executive Vice President, Public Advocacy:
“We commend the action of the House today in moving to renew the authorization of the Export-Import Bank, which expired on June 30.
“The Ex-Im Bank is vital to both the tech industry and our entire American economy. Since the bank’s authority lapsed, U.S. based companies have lost sales to foreign companies and some have even taken steps to move American jobs to other countries. The Ex-Im is an important and vital resource that promotes U.S. companies’ participation in international trade.
“We now call on the Senate to move this important legislation; further delay will lead to cumulative U.S. international trading losses.”
Since 2007, almost 9,000 companies have used the Ex-Im bank to finance export sales, including almost 6,000 small businesses. These numbers do not include multiple businesses that act as suppliers to the exporting concerns. While the bank financed only about 2% of all U.S. export sales in 2014, this 2% represented $27.5 billion in sales and supported 164,000 jobs.
The Computing Technology Industry Association (CompTIA) is the voice of the information technology industry. With approximately 2,000 member companies, 3,000 academic and training partners and nearly 2 million IT certifications issued, CompTIA is dedicated to advancing industry growth through educational programs, market research, networking events, professional certifications and public policy advocacy. Visit CompTIA online, Facebook, LinkedIn and Twitter.
About CompTIA Advocacy
Through its advocacy arm, CompTIA champions member-driven business and IT priorities that impact all information technology companies – from small managed solutions providers and software developers to large equipment manufacturers and communications service providers. CompTIA gives eyes, ears and a voice to technology companies, informing them of policy developments – and providing the means to do something about it.