House GOP to extend Export-Import Bank authority

Published September 10, 2014 12:27am ET



WASHINGTON (AP) — House Republicans moved Tuesday to extend the authority of the Export-Import Bank this month as part of a government-wide funding bill needed to prevent a shutdown at month’s end.

Republicans unveiled the measure, which would extend the bank’s charter through June 30, 2015, late Tuesday. House Speaker John Boehner, R-Ohio, had telegraphed the move earlier in the day when he told reporters that even a powerful foe of the bank, Financial Services Committee Chairman Jeb Hensarling, R-Texas, believed a temporary extension was in order.

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