Home >> News: December 9th, 2015 >> Story
Satnews Daily
December 9th, 2015

Supporting American Jobs...Satellite Industry Association Welcomes Reauthorization Of Export-Import Bank Of The US

The Export-Import Bank of the United States is the official export credit agency of the United States federal government. Founder: Franklin D. Roosevelt Founded: February 2, 1934

[Satnews] The Satellite Industry Association (SIA) applauds the recent passage of legislation reauthorizing the Export-Import Bank of the United States (Ex-Im Bank). Following passage by both the U.S. Senate and the House of Representatives, President Obama signed the reauthorization into law late last week. The legislation provides a long-term reauthorization for the Bank that will be in effect until September 30, 2019. 

“SIA congratulates and applauds lawmakers for reauthorizing of the Ex-Im Bank,” said Tom Stroup, President of SIA. “With reauthorization, Ex-Im can once again provide the domestic commercial satellite industry with tools needed to better compete for global sales while supporting American jobs and U.S. technological innovation. American manufacturers have been the global leaders of the commercial satellite manufacturing market, winning 57 percent of orders placed in 2014. However, that competitive positon was threatened when the authorization expired earlier this year. The reauthorization of Ex-Im Bank helps ensure a level playing field for the U.S. satellite industry.” 

SIA is a U.S.-based trade association providing representation of the leading satellite operators, service providers, manufacturers, launch services providers, and ground equipment suppliers. Since its creation twenty years ago, SIA has advocated on behalf of the U.S. satellite industry on policy, regulatory, and legislative issues affecting the satellite business.