The federal agency authorized to subsidize U.S. exports would, under a Biden administration plan, expand beyond its congressionally mandated purpose and begin subsidizing American manufacturing “with no direct export component.” At least one Republican senator is objecting.

Pennsylvania’s Pat Toomey, the top Republican on the Senate Banking Committee, sent a letter Wednesday to the president of the Export-Import Bank assailing this “new proposal that would improperly expand the reach of the bank.”