House Reauthorizes Export-Import Bank

Statement

This week the House approved bipartisan legislation to renew the U.S. Export-Import Bank's lending authority for three years and to boost its lending cap from $100 billion to $140 billion by the end of fiscal 2014. The bank provides loan guarantees, insurance, and loans for foreign purchases of U.S. products and services. I was proud to support this legislation and am encouraging the Senate to also approve the measure to help grow our economy.

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