Hochberg Seeks 40% Boost in Export-Import Bank Lending Limit
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U.S. Export-Import Bank Chairman Fred Hochberg asked Congress for a 40 percent increase in the loan limit to $140 billion for fiscal year 2015 as borrowing by companies closed in on the current maximum.
“We need an increasing exposure cap to continue to support American companies as they compete overseas,” Hochberg told the Senate Banking Committee in Washington today at a hearing on the government-backed lender’s reauthorization.