Economics
Ex-Im Bank's Future Depends on Senate After House Vote
- House-passed bill goes to Senate where McConnell opposes it
- Boeing and General Electric among Ex-Im's top beneficiaries
The U.S. Capitol is seen on Nov. 19, 2011, in Washington.
Photographer: Brendan Hoffman/Getty ImagesThis article is for subscribers only.
The House voted to renew the U.S. Export-Import Bank in a bipartisan effort that sends the measure to the Senate, where it faces opposition from Majority Leader Mitch McConnell.
The 313-118 House vote Tuesday would extend the bank’s charter through September 2019, allowing it to resume financing companies’ overseas sales.