Obama Keeps Export-Import Bank Alive Through 2014

Law360, New York (May 30, 2012, 4:51 PM EDT) -- President Barack Obama on Wednesday extended the lending authority of the Export-Import Bank through September 2014 and increased its financing cap from $100 billion to $140 billion, following congressional approval of the decision earlier this month.

Obama signed into law the Export-Import Bank Reauthorization Act of 2012, which he said allows the lending agency to “continue on its extraordinary mission” and provides for the continued growth of U.S. trade to the benefit of the American workforce.

“We’ve got to be a nation that produces, a nation...
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