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House to start voting Monday on revival of shuttered trade bank
Source: Reuters
US | Fri Oct 23, 2015 6:35pm EDT
House to start voting Monday on revival of shuttered trade bank
WASHINGTON
U.S. lawmakers will begin voting on Monday on legislation to revive the shuttered Export-Import Bank, a spokeswoman for a leading Republican backer of the bank said on Friday.
A so-called "discharge petition," a procedural maneuver that has been successful only a handful of times in the past century, to renew the trade bank's charter matures on Monday.
The petition has support from 218 lawmakers, a majority of the chamber, including 42 Republicans, effectively overruling House Financial Services Committee Chairman Jeb Hensarling, a vocal critic of the bank.
Representative Stephen Fincher, who circulated the petition, will start the voting process with a floor motion on Monday, his spokeswoman said.
There could be several procedural votes before a vote on final House passage, possibly on Tuesday.
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House to start voting Monday on revival of shuttered trade bank
WASHINGTON
U.S. lawmakers will begin voting on Monday on legislation to revive the shuttered Export-Import Bank, a spokeswoman for a leading Republican backer of the bank said on Friday.
A so-called "discharge petition," a procedural maneuver that has been successful only a handful of times in the past century, to renew the trade bank's charter matures on Monday.
The petition has support from 218 lawmakers, a majority of the chamber, including 42 Republicans, effectively overruling House Financial Services Committee Chairman Jeb Hensarling, a vocal critic of the bank.
Representative Stephen Fincher, who circulated the petition, will start the voting process with a floor motion on Monday, his spokeswoman said.
There could be several procedural votes before a vote on final House passage, possibly on Tuesday.
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Read more: http://www.reuters.com/article/2015/10/23/us-usa-congress-eximbank-idUSKCN0SH2MI20151023
2 replies
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From what I understand, the export-import bank enables small businesses to get loans to compete globally. Ohio Democrat Senator Sherrod Brown is supportive of this bill. Republican Mitch McConnell is against it.
So big business is against it, small business is for it.
Not sure if I am correct.
