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.
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.
On Feb. 5, the Department of Commerce released their FY 2014 export data showing that U.S. exports of goods and services reached a record of $2.345 trillion, a 2.9 percent increase and set a record for the fifth year in a row.
Last week, Rep. Stephen Fincher (R-Tenn.), along with 57 cosponsors, introduced a bill, supported by NSBA and its international trade arm SBEA, which would reauthorize Ex-Im Bank for five years along with a number of reforms.
