Description of document: Export-Import Bank of the United States (Ex-Im Bank) Advisory Meeting Minutes for meetings held CY 2011-2013 Requested date: 05-December-2016 Released date: 08-December-2016 Posted date: 26-December-2016 Source of document: FOIA Request Export-Import Bank of the United States Freedom of Information and Privacy Office 811 Vermont Ave., NW Washington, D.C. 20571 Fax: (202) 565-3294 E-Mail: [email protected] Online Freedom of Information Act Request Form The governmentattic.org web site (“the site”) is noncommercial and free to the public. The site and materials made available on the site, such as this file, are for reference only. The governmentattic.org web site and its principals have made every effort to make this information as complete and as accurate as possible, however, there may be mistakes and omissions, both typographical and in content. 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Sena Chief FOIA Officer Attachments: Responsive Documents (9 PDF files) EX-IM BANK ADVISORY COMMITTEE MEETING MINUTES March 30, 2011 1:00 P.M. ROOM 1143 An open meeting of the Advisory Committee of the Export-Import Bank of the United States (“Ex-Im Bank” or “Bank”) was held Wednesday, March 30, 2011 in the Main Conference Room of the Ex-Im Bank building, located at 811 Vermont Ave., NW, Washington, D.C. The following members of the Advisory Committee, constituting a quorum, were present: Chairman James Murray, Luis Arguello, Nelson Cummingham, Debbie Dingell, Owen Herrnstadt, Richard Kauffman, Thea Lee, Deven Parekh, Steve Parrish, John Rauber, Maria de Lourdes Sobrino, Kirk Wagar, Johanne Witty, Catherine Bessant, Dan Tishman and Randy Zwirn. The following member of the Advisory Committee was absent: James Kolbe The following members of the Ex-Im Bank Board of Directors were present: Fred P. Hochberg, Chairman and President, Bijan Kian, Director, and Diane Farrell, Director. GUEST SPEAKER Nancy-Ann Deparle Assistant to the President White House Deputy Chief of Staff Ms. Deparle updated the Advisory Committee on the issues currently facing the President. She said currently, some of the most pressing topics for the President are the 2011 budget, expanding trade agreements and education, and renewable energy. The President is already $50 billion below his original request regarding the 2011 budget, but nothing has been settled. With numerous other issues being brought into the mix, it is difficult to come to an agreement with Congress. The President is continuing his goal of doubling exports over the next five years, and when asked about possible tax breaks for businesses that keep their work in America, Deparle said there are committees dealing with this issue but she didn’t know if tax breaks in this budget are being considered at this time. Deparle said the Administration is focusing on alternative fuels such as natural gas, bio fuel and renewable energies such as solar and wind. To prove its support, she noted that the government mandated its fleet vehicles to use biofuel by the year 2015. This is in support of focusing on alternative fuels in today’s economy. She said the Elementary and Secondary Education Funding bill is up for renewal, which is the bill that provides funds for all education. In a global world, the President realizes that an education will keep many American jobs in the Services industry competitive. Therefore, the Administration is focusing on making sure community colleges know the curriculum that will train workers to staff the future big businesses of America. REAUTHORIZATION Scott Schloegel, Sr. Vice President Office of Congressional Affairs Scott Schleogel told the committee the Bank’s reauthorization language is being vetted by OMB and has not been returned to the Bank. He said the Bank is updating the charter and removing items that are no longer relevant to the Bank or to the current global environment. For example, increasing the exposure limits to over $100 billion and extending the Charter’s reauthorization to 2015 or beyond. He said the House is looking to markup the legislation by Memorial Day break, but the Senate has not indicated its time line. He will keep the committee posted. BANK UPDATE Fred P. Hochberg, Chairman & President Exim Bank Mr. Hochberg briefed the committee regarding the Bank’s status of the past six months. He said in supporting the National Exports Initiative, the Bank is up 17 percent for the first year and that $13 billion in support is a safe number to express. He said 85 percent of the Bank’s deals are in small business and the goal of 5,000 new small businesses will be a challenge. However, the Bank is already at 800 new small businesses for the first 15 months of its 60 month plan. Regarding the larger companies and transactions, he announced a $1 billion facility towards the World Cup and Olympics for Brazil. In addition, a Brazilian airline transaction was approved for $200 million to purchase Boeing aircraft. But, there is still competition for our larger companies like GE. In Pakistan Ex-Im Bank is competing against China to obtain a locomotion deal. Hochberg said that competing against a non-OECD member can be complicated, but it will not stop the Bank from pursuing this transaction. With evidence of noncompliance the Bank can offer financing terms matching those of the competition. Regarding the conference, Hochberg encouraged the committee members to attend the annual conference because of the many good speakers such as the chairman of Siemens Worldwide, Peter Loscher; CEO of Caterpillar, Doug Oberhelman; and keynote speaker, Larry Summers. The conference will give the committee members an opportunity to meet many of the customers of Ex-Im Bank. Regarding the Competitiveness Report, Isabel Galdez explained the purpose of the report and the role the Advisory Committee members will play. Because the report is due to Congress on June 30, 2011, the Committee is to review the draft and send any comments to the Advisory Committee Chairman. She will send various deadlines to the members via email to keep them on time for the final approval. Regarding having enough survey data, she said the concentrated efforts over the past year did raise the response rate and that they will continue to examine the methodology of the data collection. SUB-COMMITTEE UPDATES Business Outreach and Marketing Sub-Chairman, Steve Parrish told the committee that the outreach plan is to continue to raise the awareness of programs the Bank is already doing, such as participating in the global access events, and to involve the supply chain as a possible outreach for education. They will have a more extensive strategy in place by the next meeting. Small Business Sub-Committee Sub-Chairman, Luis Arguello said they are researching why SME’s don’t use the delegated authority program provided by Ex-Im Bank. They are seeking to see if the SMEs are intimidated because it’s a government program and their own banks shy away or because the program may be geared towards larger banks.