Rep. Barr touts bill to facilitate bigger deals under Ex-Im China program

Rep. Andy Barr (R-KY), eyeing larger and “more aggressive deals” under the Export-Import Bank’s novel China program, last week promoted new legislation he said would, in part, relax domestic content requirements for export financing in the high-tech industry. Barr, a member of the House Financial Services Committee, last year played a key role in passing a seven-year reauthorization bill for the Ex-Im Bank. In that bill, Congress mandated that the bank establish a “Program on China and Transformational Exports” to...