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House considering passage of short-term Ex-Im reauthorization

NAM reports:

Bloomberg News (9/4, Hopkins, Tiron) reports that GOP leaders in the House “are considering a short-term extension” of the US Export-Import Bank, according to an unidentified Republican aide. The “extension of several months” would push any long-term decision on the Bank until after the November midterm elections, but it would be “leaving businesses with uncertainty.” The NAM is “among the groups urging passage of a reauthorization” for the Bank, notes the article.

Politico (9/3, Bresnahan, Sherman) reports that according to GOP sources, Speaker John Boehner (R-OH) and Rep. Jeb Hensarling (R-TX) “have a private agreement” on extending the Bank’s charter. The length of the extension is “unclear,” and so is whether it would be passed as a stand-alone bill or an attachment to a government funding bill.

Hensarling Denies Report That Agreement On Ex-Im Has Been Reached. The Hill (9/4, Cirilli) reports that House Financial Services Committee Chairman Jeb Hensarling (R-TX) has “rejected a report that he’s reached an agreement” to act on reauthorizing the Ex-Im Bank. A spokesman said that there is “no agreement,” although Hensarling is “continuing to discuss the issue” with members of Congress.

GE Urges Congress To Renew Ex-Im Bank. The GSA Business (9/4) reports GE Power & Water Global Government Affairs and Policy Director George Pickart spoke about the need to renew the Ex-Im Bank charter on Tuesday. Pickart explained the importance of the Bank to GE, saying that they need to have the Bank for bids, even though they may not use the funding. “It’s really a fundamental matter of our competitiveness,” he said. Another GE spokesman pointed out that GE may not use the Bank, but “many of GE’s customers are” customers of the Bank, and that affects jobs in the US. Pickart also noted that GE employees have sent more than 11,000 letters to Congress urging them to renew the Bank.

WPTZ-TV Burlington, VT (9/4) reports Senator Charles Schumer (D-NY) has expressed his support for renewing the charter of the Bank, saying that “one of the main objectives…is to foster job growth and reduce the deficit at the same time.”

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