Guam included in new Office of Territorial Exporting

October 30, 2019
Press Release

In a hearing of the House Financial Services Committee to reauthorize funding for and enhance the Export-Import Bank of the United States, certain language was included to create the Office of Territorial Exporting, Delegate Michael San Nicolas announced Wednesday.

The Office of Territorial Exporting will be a dedicated office in the bank to facilitate territory access to a pool of up to $175 million annually to finance and guarantee export-oriented businesses, San Nicolas stated in a press release.

San Nicolas said he amended the language to ensure that Guam, the Commonwealth of the Northern Mariana Islands, American Samoa, and the U.S. Virgin Islands have a dedicated liaison in this office.