Late last week, President Obama signed into law a five-year transportation package which included a provision to reauthorize the Export-Import Bank, something NSBA supported.
Tag Archive: Export-Import Bank of the U.S. (Ex-Im Bank)
The Export-Import Bank of the U.S. is set to be renewed for more than four years as part of the long-term highway bill reported out by conferees on Dec. 1.
The House is expected to take up a six-year highway bill that includes the Ex-Im Bank renewal language, despite plans from several Republicans to offer poison-pill amendments during the process.
Last night, majorities of both parties in the House voted overwhelmingly (313-118) in favor of reauthorizing Ex-Im Bank, nearly four months after partisan politics shut it down.
Tomorrow, a House Foreign Affairs Subcommittee will hold a hearing on Ex-Im Bank, which follows the efforts of bipartisan leaders who broke the stalemate and paved a path for an upcoming vote on reauthorization.
Ex-Im Bank is one step closer to being reauthorized, after Rep. Stephen Fincher (R-Tenn.) filed a discharge petition--the first successful one of its kind in nearly a decade--to force a floor vote in the House on legislation to renew Ex-Im. The move to save Ex-Im represents the first successful discharge petition in nearly a decade, as it is a rare legislative procedural maneuver that bypasses the usual process of moving legislation through a committee to the House floor. Last week, approximately 42 Republicans joined nearly every Democrats to reach the necessary signatures needed to force a vote—expected on Oct. 26—to renew Ex-Im’s charter. Rep. Maxine Waters (D-Calif.), the ranking Democrat on the House Financial Services Committee, became the 218th signature on the Ex-Im discharge petition, setting the bill up for a full House vote likely later this month.
A group of House Republicans are attempting to reauthorize Ex-Im Bank through a rare legislative procedural maneuver that would bypass the process of moving legislation through a committee to the House floor.
On Sept. 25, legislation was introduced in the House to reauthorize Ex-Im Bank, and could stand a bettter chance given Speaker Boehner's imminent departure, given he is no longer beholden to the Bank’s powerful opponents.
Among Congress' long list of fall priorities, is reauthorization of Ex-Im Bank which opponents, despite a clear majority of support in the House and Senate, have been able to prevent moving forward since June of this year.
Following Congress' failure to reauthorize the Export-Import Bank in June, supporters in the Senate are aiming for inclusion of an amendment to the highway funding bill that would reauthorize the Bank - despite urging from House leadership not to do so.