hvactec
VIP Member
January 28, 2014 by The Pilot Partisan Agenda
Today the Senate Committee on Banking Housing and Urban Affairs will hold a hearing regarding the reauthorization of the Export-Import Bank of the United States (Bank). ALPA representatives continue to meet with members of the Senate Banking, Housing and Urban Affairs Committee to ensure that they provide the oversight Congress demanded per the present authorization.
The Export-Import Bank Reauthorization Act of 2012 (PL-112-122) directed the Department of Treasury to initiate and pursue negotiations with all countries that finance air carrier aircraft with funds from a state-sponsored entity, to substantially reduce, with the ultimate goal of eliminating, aircraft export credit financing for all aircraft covered by the 2007 Sector Understanding on Export Credits for Civil Aircraft. ALPA has requested that members of the Committee ask the Bank for a status report of the negotiations and provide the committee with any and all documents pertaining to the negotiations. Read ALPAs letter to the Senate Committee here.
Per the 2012 Reauthorization Act, Congress required the Bank to take into account any serious adverse effect of loans and/or guarantee on the competitive position of United States industry and employment in the United States. Unfortunately, the Bank has not followed Congressional intent and .continues to ignore the very real economic impact of its actions upon airline jobs and our industry.
read more First Step in Reauthorizing the Offshoring of U.S. Aviation Jobs Happening Now | Pilot Partisan
Today the Senate Committee on Banking Housing and Urban Affairs will hold a hearing regarding the reauthorization of the Export-Import Bank of the United States (Bank). ALPA representatives continue to meet with members of the Senate Banking, Housing and Urban Affairs Committee to ensure that they provide the oversight Congress demanded per the present authorization.
The Export-Import Bank Reauthorization Act of 2012 (PL-112-122) directed the Department of Treasury to initiate and pursue negotiations with all countries that finance air carrier aircraft with funds from a state-sponsored entity, to substantially reduce, with the ultimate goal of eliminating, aircraft export credit financing for all aircraft covered by the 2007 Sector Understanding on Export Credits for Civil Aircraft. ALPA has requested that members of the Committee ask the Bank for a status report of the negotiations and provide the committee with any and all documents pertaining to the negotiations. Read ALPAs letter to the Senate Committee here.
Per the 2012 Reauthorization Act, Congress required the Bank to take into account any serious adverse effect of loans and/or guarantee on the competitive position of United States industry and employment in the United States. Unfortunately, the Bank has not followed Congressional intent and .continues to ignore the very real economic impact of its actions upon airline jobs and our industry.
read more First Step in Reauthorizing the Offshoring of U.S. Aviation Jobs Happening Now | Pilot Partisan
