Ex-Im Extension Advances in U.S. Senate Highway Bill Debate
The bank can’t approve new applications unless Congress acts to revive it, though it can continue work on existing agreements.
Senate Majority Leader Mitch McConnell (R-KY) (C) talks to reporters with Sen. John Barrasso (R-WY) (L) and Senate Majority Whip John Cornyn (R-TX) after the weekly Republican Senate policy luncheon at the U.S. Capitol June 23, 2015 in Washington, DC.
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The Senate advanced a proposal to extend the U.S. Export-Import Bank’s charter as part of legislation to finance highways and mass transit for three years.
The 67-26 vote during an unusual Sunday session moves forward the Senate’s effort to pass the highway bill as the Highway Trust Fund’s authorization is set to expire after July