U.S. Export-Import Bank Authority Extended in House Bill
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The U.S. House of Representatives plans to vote next week on bipartisan legislation to extend the Export-Import Bank’s authority to help finance export sales for three years and raise its lending limit to $140 billion by 2014.
House leaders announced an agreement on the measure last night after negotiations between Republican Majority Leader Eric Cantor of Virginia and Democratic Minority Whip Steny Hoyer of Maryland.