Ex-Im Bank Fight Imperils US Role In Project Boom: Experts

Law360, New York (April 17, 2012, 2:34 PM EDT) -- An election-year controversy over reducing the size of government has put the future of the U.S. Export-Import Bank in jeopardy, which some observers say could threaten America's ability to remain competitive in a global project development boom.

The agency, which has quietly been providing credit to U.S. businesses bidding for foreign contracts since the Depression, is on the verge of extinction after the Senate voted down a reauthorization bill last month. Without legislative action, it will shut down on May 31.

Opponents, which are an unlikely...
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