Strong Commitment to Small Business Owners: President Obama Signs Export-Import Bank Reauthorization Act into Law

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President Obama signed the Export-Import Bank Reauthorization Act of 2012 into law on May 30, 2012. Ex-Im Bank Chairman Fred P. Hochberg joined the President at the White House for the signing ceremony.

The Export-Import Bank Reauthorization Act of 2012 extends the Bank's authority through 2014 and ultimately increases its portfolio cap to $140 billion. This provides much-needed certainty and predictability to U.S. exporters and their workers.

Learn more here.

Related post: Ex-Im's Hochberg Pledges $1 Billion Support for Executive Jets - Businessweek + Global Small Business Blog archives here.

Hat tip to Jim Greene (retired) for letting us know.