Export-Import Bank Reauthorization Passes House

A 10-year extension of the Export-Import Bank passed the House of Representatives by a 235-184 vote on Nov. 15, with 13 Republicans voting yes and 4 Democrats voting no. The bill, which would increase lending capacity to $175 billion and make sure that large deals could be done even if senators block appointees to the board, has drawn a veto threat from the White House. The Ex-Im Bank's authority expires Nov. 21, but it's expected to get a short-term extension as part of a continuing resolution to fund the federal government. The House and the Senate have not been able to agree on any funding bills yet, so the entire government is funded through a continuing resolution.