Oct. 28, 2015 - The Export-Import Bank appears to be coming back to life. The
House voted 313-118 Tuesday to reauthorize the bank, handing a victory to
agricultural equipment makers and other companies whose export financing has
been in limbo since Ex-Im’s authority lapsed July 1. Notably, a majority of
Republicans, 127, supported the measure.
leaders won’t take up the standalone Ex-Im reauthorization bill but they have a
similar measure attached to a highway funding bill. Supporters were counting on
the House vote to make the case for including Ex-Im in the final version of the
highway bill that will be negotiated between the House and Senate in coming
“This is about
us being competitive all around the world,” said Tennessee Republican Stephen
Fincher, who led the effort to force a House debate on the authorization bill
through the rarely used method of a discharge petition. Fischer was joined in
the effort by former Agriculture Chairman Frank Lucas, R-Okla.
action comes before Ex-Im critic Paul Ryan is elected speaker. "I think
there are plenty other ways to expand opportunity in this country, and
corporate welfare is not one of them,” said Ryan.
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