I believe the legislation we have before us today significantly improves the ability of the bank to respond to the needs of small business exporters and particularly minority and women-owned small business exporters. By creating a new office for socially and disadvantaged small businesses and businesses owned by women, we are responding to a critical and glaring gap in Ex-Im's outreach programs. The office builds directly from an amendment that I co-authored in 2001, during the last reauthorization which required Ex-Im to annually report on the number and type of transactions it conducts with minority and women-owned businesses. The inadequate reporting from Ex-Im and their token support for minority outreach has made this new office a necessity.
Editor's note · Context
Discussing the reauthorization of the Export-Import Bank and its impact on minority and women-owned small businesses.
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