Hoyer Pledges to Continue Ex-Im Bank Reauthorization Fight Despite Cantor Loss
The House Democratic caucus will continue to forge ahead with Export-Import Bank reauthorization legislation in the wake of House Majority Leader Eric Cantor’s, R-Va., primary loss on June 10, said House Minority Whip Steny Hoyer, D-Md., in remarks the following…
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day. The outgoing majority leader, along with Speaker of the House John Boehner, R-Ohio, have supported reauthorization over recent months (see 14031813). "If we’re going to be competitive, if we want people to manufacture things here creating American jobs here for our constituents then we want to make sure that we are competitive worldwide and without the Export-Import Bank we won’t be," said Hoyer. "Mr. Cantor believed that. I’m hopeful that we can continue to work on that." The bank is due to expire at the end of the fiscal year, and many Republicans, including House Financial Services Committee Chairman Jeb Hensarling, R-Texas, oppose reauthorization (see 14052123). Current House Majority Whip Kevin McCarthy, R-Calif., is now widely seen as the likely successor to Cantor (here).