Trump taps Reed as VP for Export- Import Bank
On Friday, the White House issued a press release announcing President Donald Trump’s nomination of Kimberly Reed to be first vice president and vice chairman of the Export-Import Bank of the United States.
“I am honored to be selected by the president to serve in this very important role,” Reed said. “I believe the Export-Import Bank is a vital institution to help U.S. manufacturers compete successfully in the global market place. I look forward to supporting U.S. jobs through my hopeful work at the Export-Import Bank.”
The Export-Import Bank of the United States is an independent, self-sustaining agency whose mission is American jobs, according to information from the bank. The bank has supported 1.4 million private-sector, American jobs in the past eight years, including 52,000 jobs in fiscal year 2016.
Reed is now the first female chair of the Republican National Lawyers Association, a position she says she will resign if her nomination to the Export-Import Bank is confirmed. She will also resign from the nonprofit boards she currently serves on: the Alzheimer’s Association, American Swiss Foundation and Alzheimer’s Impact Movement.
Reed spent 7 ½ years as president of the International Food Information Council Foundation, the United State’s leading nonprofit focused on communicating science-based information about health, nutrition and food safety for the public good.
She left that position to volunteer with the Trump Presidential Campaign.
“I volunteered for the Trump Presidential Campaign and then I worked for the Trump Presidential Transition team,” Reed said in a phone interview Monday. “After the election, I was on the U.S. Department of the Treasury Landing Team and prepared for the new treasury secretary between the election and the inauguration. So, I’ve been under consideration and discussion since then for a position in the administration.
“This process can take a long time, so I am delighted now to finally be nominated to be the first vice president and vice chairman of the Export-Import Bank of the United States.”
Although Reed has been nominated, she must now be confirmed by the Senate— a process that could be short-term or longer term.
Reed must meet with each of the senators on the Senate Banking Committee individually and then appear at a Senate Banking Hearing.
“After the hearing, the committee will vote on me,” she said. “If I am successful, the full U.S. Senate will vote on me at some point. That is when I would be confirmed.”
Prior to her time at IFIC, Reed served as senior advisor to the U.S. Treasury Secretaries Henry M. Paulson Jr. and John W. Snow and was director of the U.S. Treasury Department’s grant program — the Community Development Financial Institutions Fund. During her tenure as the head of that program, Reed was responsible for awarding nearly $4 billion in tax credits and grants to financial institutions and economic development groups for investing in economically distressed communities.
“I bring a lot of experience that is relevant to the bank including my time at the U.S. Treasury Department,” she said. “I also bring an appreciation for small town America and the importance of supporting job growth and opportunity at all levels.
Reed said she plans to meet with West Virginia’s U.S. Senators Shelley Moore Capito, R-W.Va., and Joe Manchin, D-W.Va.
“When I was at the U.S. Treasury Department, I fondly remember engaging with individuals and businesses from West Virginia. From speaking at the 2004 Upshur County Development Authority’s annual retreat, where I engaged with wonderful friends like Steve Foster, Jim Knorr, and Steve Abel, to events across the state, including the 70th anniversary of the W.Va. Chamber of Commerce and W.Va. Business Summit, I expressed my commitment to endeavors that support job creation, economic growth and prosperity. I will continue this dedication if confirmed by the U.S. Senate as the next first vice president and vice chairman of the Export-Import Bank of the United States.”
After graduating from Buckhannon-Upshur High School, Reed earned dual undergraduate degrees in biology and government with a minor in chemistry at West Virginia Wesleyan College. She went on to earn her law degree from West Virginia University College of Law.
Reed is the daughter of Terry D. Reed, a lawyer in Buckhannon, and the late Janet Logue Reed. She is the granddaughter of the late Max and Avis Reed.