House Launches Bipartisan Bill To Renew, Reform Ex-Im Bank

Law360, New York (October 14, 2014, 5:57 PM EDT) -- Two key members of the U.S. House of Representatives Committee on Financial Services said Tuesday they have struck a compromise that would allow the Export-Import Bank of the United States to remain viable for the next five years.

The proposed legislation, drawn up by the committee's vice chairman, Rep. Gary Miller, R-Calif., and ranking member, Rep. Maxine Waters, D-Calif., would reform the bank to address concerns related to taxpayer risk and to eliminate the potential for fraud and corruption.

"This legislation contains a responsible set of...
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