U.S. Senate Sends Export-Import Bank Measure to Obama
This article is for subscribers only.
The U.S. Senate voted to reauthorize the Export-Import Bank for three years and increase its lending authority 40 percent by 2014, clearing the measure for President Barack Obama’s signature.
The 78-20 vote yesterday follows passage of the measure by the House last week. The bill, H.R. 2072, would raise the bank’s lending limit to $140 billion. The Export-Import Bank may reach its current limit of $100 billion by May 31 without the reauthorization.