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House Seeks to Extend Export-Import Bank Authorization

1 min read

CapitolDomeA group of House lawmakers are pushing to re-authorize the Export-Import Bank‘s operations until early 2015, Politico reported Wednesday.

John Bresnahan and Jake Sherman write that Speaker John Boehner (R-Ohio) and House Financial Services Chairman Jeb Hensarling (R-Texas) have agreed to work to renew the authorization of the international finance bank for a short term.

Fred Hochberg, chairman of the Export-Import Bank, has been seeking to hold private meetings with legislators to discuss the bank’s future, Politico reports.

Hensarling is also working to formulate a bill to carry the Terrorism Risk Insurance Program forward in order to extend assistance for organizations against terrorism, according to the report.

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