CR to Include Short-Term Extension of Ex-Im Bank

With the Export-Import Bank of the United States charter due to expire on September 30, the House decided to extend government operations of the Bank through November 18 as part of the continuing resolution (H.J. Res. 79) introduced by Appropriations Committee Chairman Hal Rogers (R-KY). The House approved the CR late last night, though Senate Majority Leader Reid has said the bill cannot win Senate approval as written. Deliberations are ongoing. The short-term extension was necessary because there was too little time to have House and Senate votes this month on a four-year extension of the charter as passed by the respective committees of jurisdiction in the House and Senate and then reconcile the two versions of the bill in a conference.



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