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Hamstrung Since 2015, Ex-Im Bank Is Back as Trump Trio Confirmed

  • Bank can now consider almost $400 billion in pending deals
  • Congress must reauthorize Ex-Im Bank before September deadline
Kimberly Reed

Kimberly Reed

Photographer: Andrew Harrer/Bloomberg
Updated on

The U.S. Export-Import Bank once again has the ability to back deals of more than $10 million -- for the first time since 2015 -- after the Senate on Wednesday confirmed President Donald Trump’s three nominees.

Senators confirmed Kimberly Reed for president of the bank, and former Representative Spencer Bachus and Judith DelZoppo Pryor to be members of the board of directors, providing the quorum needed to approve large deals.