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Wednesday, June 25, 2014

House Democrats join fight to save Export-Import Bank

House Democrats suddenly find themselves allied with the U.S. Chamber of Commerce and other business groups, launching an aggressive campaign Tuesday to save the Export-Import Bank from conservative lawmakers who want to close it.

Democratic leaders are getting behind legislation that would reauthorize the Export-Import Bank, which is set to expire at the end of September, Politico reported.

“Congress must take bipartisan action before the Export-Import Bank’s authorization expires so that we can give certainty to businesses and provide important resources to keep American exporters competitive. To do otherwise would greatly hurt our businesses and our economy,” said House Minority Whip Steny Hoyer, Maryland Democrat.

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