McCarthy Calls for Letting U.S. Export-Import Bank Expire
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Representative Kevin McCarthy, the incoming House majority leader, gave momentum to conservatives hoping to eliminate the U.S. Export-Import Bank by saying he supports allowing its authority and charter to expire.
McCarthy said in an interview yesterday that the private sector can fill the void of the 80-year-old agency. Its lending authority is set to expire Sept. 30. In 2012, McCarthy voted in favor of the bank’s reauthorization.