President Trump has tapped Jeffrey Gerrish to be acting president of the Export-Import Bank.
Gerrish, who recently joined the Trump administration, will maintain his role at the Office of the U.S. Trade Representative (USTR) while taking the helm of the 84-year-old agency.
The White House didn’t provide information on when Gerrish would start at Ex-Im.
The agency has been without a quorum since late 2015. Without a quorum, the bank can’t approve loans of more than $10 million.
Trump’s first pick to helm the agency — former Republican Rep. Scott Garrett (N.J.) — failed to get through the Senate Banking Committee.
Prior to joining USTR, Gerrish practiced international trade law for nearly 20 years at Skadden, Arps, Slate, Meagher and Flom.
Associated Industries of Missouri 