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Export-Import Bank

(Daily News)
December 04, 2015

Although Congress this week reauthorized the Export-Import Bank through a long-term transportation bill, the bank will still be limited in its ability to finance U.S. exports because its board lacks the quorum of three directors necessary to approve transactions worth more than $10 million, such as loan guarantees for aircraft exports. Currently, three seats on Ex-Im's five-member board are vacant, one for a Democrat and two for Republicans.


(Short Takes)
December 02, 2015

The House is slated to vote Thursday (Dec. 3) on a bicameral highway deal reached earlier this week that includes a provision reauthorizing the Export-Import Bank through 2019, ahead of a Friday deadline when the highway trust fund's current authorization expires.


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