Sen. Elizabeth Warren, the ranking member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, and Senate Democratic Leader Chuck Schumer sent a letter to Export-Import Bank President and Chairman John Jovanovic urging him to immediately reverse EXIM’s decision to close its Regional Export Finance Center in New York City. They said the office serves 10 states and thousands of American small and medium-sized businesses, and argued that closing it would weaken EXIM’s ability to engage directly with financial institutions and exporters in a major trade and finance market. The letter argues EXIM has not substantiated its rationale for the closure. Warren and Schumer said information provided to AFGE Local 2211 linked the decision to insufficient production and the cost of maintaining the office, but they said EXIM has produced no substantive analysis and that the claim of insufficient production is contradicted by the office’s contributions to the bank’s operations. They also criticized EXIM for not explaining why the New York office was chosen for closure while other regional offices remain open, and raised concerns that the move could be tied to the bank’s past disputes with AFGE Local 2211, including a possible effort to force the relocation of two union-affiliated officers in the New York office. The senators asked EXIM to provide responses to their requests for information by July 8, 2026.
U.S. Senate Committee on Banking, Housing and Urban Affairs2026-07-01
U.S. Senate Committee on Banking Housing and Urban Affairs ranking member and Senate Democratic leader press EXIM to reverse New York office closure
Sen. Elizabeth Warren and Senate Democratic Leader Chuck Schumer urged EXIM to reverse its decision to close the bank’s New York Regional Export Finance Center, which they said serves 10 states and thousands of small and medium-sized businesses. Their letter says EXIM has not justified the closure, has not explained why New York was selected, and may be acting in a way that affects AFGE Local 2211 members. They requested a response by July 8, 2026.