New House Bill Aims To Extend Ex-Im Bank To 2015

Law360, New York (March 29, 2012, 8:38 PM EDT) -- A bipartisan pair of lawmakers in the U.S. House of Representatives introduced legislation Thursday that would reauthorize and expand the U.S. Export-Import Bank, whose lending authority is set to expire by June, just one week after the U.S. Senate rejected similar legislation.

The bill — known as the Export-Import Bank Reauthorization Act of 2012 — would extend until 2015 the charter for the bank, which helps finance the sale of American-manufactured goods abroad, as well as increase the bank's aggregate loan, guarantee and insurance authority by...
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