It appears that efforts by right-wing critics to kill the Export-Import Bank have failed. Both the House and the Senate have now voted by decisive margins to renew the charter of America’s only export credit agency. However, Ex-Im’s foes in the House haven’t given up yet. They are attempting to amend a transportation bill containing the reauthorization language in ways that would hobble the bank’s future activities. This is just the latest installment in a misguided campaign to leave America’s exporters without any federal support in an unforgiving global marketplace. The amendments should be defeated by the same bipartisan majority that supported reauthorization, because crippling Ex-Im would be nearly as bad as killing it. I have written a commentary for Forbes here.
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