Hoyer Continues Push for Ex-Im Bank Reauthorization
Congress is looking at legislative language that would renew the Export-Import Bank's charter beyond its expiration at the end of this fiscal year, said House Democratic Whip Steny Hoyer, D-Md., as he expressed support for quick reauthorization. "Congress must put…
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this matter to rest as soon as possible by reaffirming its support for the Bank's mission and passing a multi-year reauthorization that can restore certainty to the businesses the Bank serves. I look forward to working with Members on both sides of the aisle to reauthorize the Export-Import Bank in the near term." Hoyer pushed reauthorization with House Financial Services ranking member Maxine Waters, D-Calif., along with other Democratic lawmakers, during a press conference earlier in April (see 14041028). At the press conference, the lawmakers said uncertainty surrounding reauthorization would deter potential business partners overseas. The bank’s charter expires on Sept. 30, but some House Republicans have blocked reauthorization legislation (see 14021018).