Statement by Aerospace Industries Association President and CEO David F. Melcher on Congress allowing the authorization of the Export-Import Bank to lapse
Arlington, Va. —Today Congress missed an opportunity to support thousands of American jobs at firms across the nation that are striving to compete in a global marketplace tilted against them by foreign governments and subsidized competition. Despite the Export-Import Bank of the United States having the support of broad bipartisan majorities in both chambers of Congress, a small minority has prevented a vote reauthorizing this important export financing tool for U.S. exporters.
Rep. Maxine Waters (D-Calif.) read AIA's "Why all the Applause?" ad in Politico into the Congressional Record at a Joint House Financial Services and Oversight Subcommittee hearing examining the status of Export-Import Bank reforms Wednesday, April 15.
One-hundred supplier companies from around the country participated in AIA’s spring Supplier Management Council (SMC) meeting in Washington March 23-25, and met with members of Congress and staff to advocate for key aerospace and defense industry priorities.
The 113th Congress will soon be in the history books, with a record for advancing long-term economic growth that's spotty at best. Indeed, there are a couple of significant actions legislators could take that would tangibly benefited jobs creation and business performance.
In the decade since Ronald Reagan’s death, appraisals of the U.S.’s 40th president have focused on his policies’ bold colorings. To help end the Cold War, he first demonstrated to Soviet leaders the folly of trying to keep up with a technologically advanced American military. Reagan’s economic policies also unapologetically advanced the interests of American workers and businesses when he saw foreign competitors had the advantage of an unlevel playing field.
The Aerospace Industries Association applauds the Administration’s issuance of revisions to Category XV of the U.S. Munitions List (USML) that will end excessive restrictions on space systems like commercial satellites and related articles. After a six month delayed implementation, the interim final rule will remove many of these less sensitive technologies from the USML and place them under the more appropriate controls of the Commerce Control List.