The U.S. Senate Committee on Banking, Housing and Urban Affairs published remarks by Chairman Tim Scott calling for Congress to reauthorize the Export-Import Bank of the United States (EXIM Bank) and to strengthen its role in supporting US exporters, particularly in competing with China and backing small businesses. Scott framed reauthorization as a tool to support export financing in strategic sectors including energy, critical minerals, and advanced technologies, and noted that one in four EXIM Bank transactions last year targeted projects that directly advanced US competition against China. He highlighted small business reach, stating that nearly 90 percent of EXIM Bank transactions support small business exports, and cited South Carolina figures of 68 exporters supported over the last 10 years and roughly USD 9 billion in exports. The remarks also stressed that EXIM Bank provides repayable loans and guarantees rather than grants, and has returned nearly USD 10 billion to the US Treasury over the last three decades, while calling for improvements in staffing, streamlined operations, reduced dealmaking delays, and continued oversight to minimize taxpayer risk. The committee is set to take up EXIM Bank reauthorization this year, with the hearing positioned as part of that process.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-03-26
U.S. Senate Committee on Banking, Housing and Urban Affairs chair urges reauthorization and strengthening of the Export-Import Bank
The U.S. Senate Committee on Banking, Housing and Urban Affairs released remarks by Chairman Tim Scott advocating for the reauthorization of the Export-Import Bank of the United States (EXIM Bank) to bolster US exporters, particularly against Chinese competition and in support of small businesses. Scott emphasized EXIM Bank's role in strategic sectors and its significant support for small business exports, noting its financial returns to the US Treasury. He also called for improvements and oversight to mitigate taxpayer risk.