Export-Import Bank President and Chairman John Jovanovic speaks during a Senate Banking Committee hearing, Thursday, March 26, 2026, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

Congress faces a stark choice this year: strengthen America’s ability to compete abroad or let China dominate global markets. At the end of this year, the charter of the Export-Import Bank of the United States (known widely as EXIM) expires , stranding over $70 billion in projects sitting in its deal pipeline. These projects include important strategic energy and critical minerals projects, and would support over 45,000 U.S. jobs. Congress must act by Dec. 31 to keep these projects on track or U.S. workers will pay the price and America’s competitors will fill the gap.

Reauthorizing and modernizing EXIM will supercharge one of America’s most powerful tools to strengthen U.S.…