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Dems Want A Permanent Fix For Hobbled Ex-Im Bank

Law360 (April 30, 2018, 12:47 PM EDT) -- On the heels of President Donald Trump’s decision to tap one of his top trade advisers as the interim head of the U.S. Export-Import Bank, a throng of Democratic senators on Friday pressed the White House to move ahead with a permanent leader for the beleaguered export credit agency.

In a letter spearheaded by Sens. Maria Cantwell, D.-Wash., and Heidi Heitkamp, D.-N.D., the senators once again noted that the bank has been unable to finance high-value export projects since December 2015 due to the lack of a sufficient quota on its board of directors and that the appointment of a new...

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