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Waters-backed Export-Import Bank bill passed by the House

November 15, 2019 at 2:17 PM
The House on Friday approved Financial Services Committee Chair Maxine Waters’ (D-CA) bill to reauthorize the Export-Import Bank for 10 years. Waters’ bill drew fierce opposition from committee Republicans during markup sessions leading up to the vote on Friday. Opponents primarily argued against allowing Chinese state-owned enterprises to use the bank. Nearly every Republican voted against the legislation, which passed 235-184. A continuing resolution keeping the bank’s charter temporarily alive will expire next week. Waters’ bill would increase the bank’s...

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