House Republican Releases Draft Ex-Im Reauthorization Bill, Contrasts With Dem Bill
House Financial Services Subcommittee on Monetary Policy and Trade Chairman John Campbell, R-Calif., released on June 25 draft Export-Import Bank reauthorization legislation (here) that would make substantial structural and oversight changes to the bank. The legislation would also gradually decrease…
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the financial authority delegated to the bank over a three year authorization period, dropping to a $95 billion budget for fiscal year 2017. House Democrats formally introduced on June 24 a bill to reauthorize the Export-Import Bank for seven years at a $5 billion annual increase, culminating in a $175 billion mandate in fiscal year 2021 (see 14062519). Campbell released the legislation text “solely for the purpose of discussion,” he said in a press release (here). Debate over reauthorization of the credit agency has hit fever pitch this week on Capitol Hill (see 14062405).