Textile Groups Support Ex-Im Bank Funds for Textile & Apparel Supply Chain
On December 8, 2011, the National Cotton Council, National Council of Textile Organizations, and the American Apparel and Footwear Association sent a letter to members of the Senate expressing their support of Export-Import Bank reauthorization legislation that is expected to be considered shortly. In particular, the groups strongly support inclusion in the final version of the bill an amendment to create additional avenues of financing for the textile and apparel global supply chain.
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According to the groups, Senator Hagan (D-NC) and Representatives Westmoreland (R-GA) and McHenry (R-NC) have authored amendments to address the fact that the Ex-Im Bank does not offer meaningful Supply Chain Financing for the textiles and apparel global supply chain. The groups note that they support the amendment language being offered in the House.
See ITT’s Online Archives 11071508 for summary of H.R. 2072, a bill to reauthorize the Ex-Im Bank through September 30, 2015, require it to promote textile and apparel component exports, etc.