The U.S. Senate, in a rare Sunday session (July 26), voted to advance legislation that would revive the federal Export-Import Bank. The Bank’s charter expired on June 30 and was not renewed by Congress.
By a vote of 67-26, the Senate limited debate on a measure that would reauthorize the federal credit agency through September 30, 2019. The Senate still must vote on whether to attach the measure to an unrelated bill on highway and mass transit funding.
The Chamber has been watching the Ex-Im Bank debate closely, having been in contact with the Maryland congressional delegation on a number of occasions, including sending letters on the subject.