Congress is set to reauthorize the Export-Import Bank for seven years as part of a must-pass government funding bill, including reforms to the agency’s financing of sales to China meant to appeal to hawkish Republicans.
The bank, known as Ex-Im, helps finance sales to other countries by providing loans or loan guarantees. It has been hamstrung for most of the Trump era by conservatives who argue that it represents corporate welfare.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.