House lawmakers are set to begin consideration of a measure out of the Financial Services Committee that would reauthorize the Export-Import Bank. The bill — which was approved (30-27) by the Committee on a near party-line vote — would: (1) reauthorize the bank for 10 years; (2) increase the agency’s lending authority to $175 billion; (3) rename it the United States Export Finance Agency; and (4) make a number of tweaks to the bank’s operations. Final passage of the bill is expected tomorrow after lawmakers consider 21 amendments to the underlying legislation today.
In the upper chamber, Senators will resume consideration of pending presidential nominations. For today, the Senate will vote on the confirmation of Steven Menashi to be a Circuit Judge for the Second Circuit Court.