Obama Signs Ex-Im Bank Reauthorization Bill
President Barack Obama signed into law HR-2072, the "Export-Import Bank Reauthorization Act of 2012," which reauthorizes Export-Import Bank activities, increases the Bank's exposure cap, and makes other modifications to the Bank's authorities. The White House fact sheet on the May…
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30 signing said the legislation will allow the Export-Import Bank to continue financing U.S. exports to meet global competition. In addition to the reauthorization, the bill extends its lending limits and requires negotiations and several export studies (See ITT's Online Archives 12051817).