The Export-Import Bank of the United States is expected to be operational on December 8, 2015 after being reauthorized on Friday, December 4th pursuant to the Export-Import Bank Reform and Reauthorization Act of 2015. The reauthorization was tied to a highway bill that was overwhelmingly approved by Congress (313-118) on Thursday and signed by President Obama on Friday. The reauthorization increases EXIM’s mandate to make 25% of its authorizations available to small business, up from 20%. While the reauthorization lasts through 2019, the future of the EXIM is far from settled. The issue could remain a political issue during the 2016 presidential race because the political divide between Republican opposition and Democratic support exists amongst the current presidential candidates. EXIM will still be limited from approving transactions over $10 million until its Board of Directors has at least three members to meet quorum for the five person board. However, this important resource for exporters and their supply chains will allow US exporters to continue competing in the global economy. To learn more about EXIM’s and reauthorization FAQs, click here.