House bill would reauthorize the Export-Import Bank for seven years

The House on Tuesday passed a government spending bill that would reauthorize the Export-Import Bank for seven years, create a program to boost U.S. competitiveness against China and allow presidential Cabinet members to step in and serve on the bank’s board temporarily at times when it would otherwise lack a quorum. The reforms to the bank and its reauthorization were included in a bipartisan appropriations bill for fiscal year 2020 that passed the lower chamber 297-120 on Tuesday and is...