The US House of Representatives has voted to renew the U.S. Export-Import Bank in a bipartisan 313-118 vote that will extend the bank’s charter through September 2019. The measure is now dependent on a Senate vote but it faces stiff opposition from Majority Leader Mitch McConnell. He has said that he won’t allow a stand-alone vote on allowing the bank to resume financing companies’ overseas sales but said that the only way reauthorization would be achieved is as an amendment to a separate highway bill. The Obama administration supports resuming bank operations and would like the measure to pass both
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