Lawmakers Push Ex-Im Renewal Vote in Senate Banking Committee
The Senate Banking, Housing and Urban Affairs Committee should schedule a vote on legislation to reauthorize the Export-Import (Ex-Im) Bank, said Sens. Joe Manchin, D-W.Va., and Mark Kirk, R-Ill., in a May 7 letter. “Considering a majority of Senators support…
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the Ex-Im Bank and its reauthorization is imperative, we see no reason to delay this vote," said the letter. "After all, if we do not reauthorize the bank, the U.S. stands to lose over one million jobs and billions of dollars in exports. At a time when our economy’s recovery remains fragile, it would be foolish to weaken this shining example of a successful public-private partnership.” The bank’s charter expires on Sept. 30, but reauthorization faces stiff resistance in the House (see 14050533). The committee aims to take up legislation in the near future, said a committee spokeswoman. "Reauthorizing the Ex-Im Bank is a priority for the Banking Committee and we are currently working to reach agreement on a bipartisan bill that we hope to move soon," said the spokeswoman.