Senate Passes Ex-Im Renewal, but House Unlikely to Act
The Senate decisively passed a measure to reauthorize the Export-Import Bank in a July 27 vote. The reauthorization, which was tacked onto the highway bill as an amendment, received 64 votes in favor, while 29 Senators opposed. A test vote…
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the day before paved the way for passage of the amendment (see 1507270023). The U.S. Chamber of Commerce and other business groups applauded the Senate vote. "Ex-Im levels the global market for American exporters seeking crucial overseas support in their efforts to remain competitive with their foreign counterparts," said top official at the chamber, Bruce Josten, in a statement. “It is now time for the U.S. House of Representatives to take the final step toward reauthorization and eliminate risking hundreds of thousands of American jobs and the livelihood of our small- and medium-size businesses.” Speaking on the Senate floor on July 28, Majority Leader Mitch McConnell, R-Ky., called on lawmakers to pass the legislation before August recess. But House officials have repeatedly rejected the Senate’s highway bill, which would fund transportation projects over a six-year period. Republican leadership won’t take that legislation up for a vote before departing Capitol Hill on July 30, said House Majority Leader Kevin McCarthy, R-Calif., in a July 27 briefing with reporters. The Senate must pass the House’s short-term stopgap in order to avert a lapse in funding, said McCarthy.