Ex-Im Bank Will Get Short-Term Reauthorization

September 16, 2014

Included in the stopgap funding bill to keep the government running after the end of the month, likely to be voted on in the coming day or two, is a nine-month extension for Ex-Im Bank, which is set to expire on Sept. 30. Ex-Im is an independent federal agency that helps create and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. Ex-Im provides a variety of financing mechanisms, including working capital financing, export-credit insurance and financial guarantees to help foreign buyers purchase U.S. goods and services. The continuing resolution (CR) which will likely be voted on either today or tomorrow,