Schumer Expects Ex-Im Bank Reauthorization Soon

Sen. Charles Schumer (D-N.Y) said April 17, 2012, to expect a full reauthoriztion of the U.S. Export-Import Bank sooner rather than later, as bipartisan negotiations are progressing on legislation to increase the bank's lending limit and extend the bank's charter. The current authorization for the bank, which was extended from its original Sept. 30, 2011 expiration, ends May 31, 2012. Schumer said House Majority Leader Eric Cantor (R-Va.) has appeared more eager to negotiate a solution with Democrats.

See text of the legislation being considered (here)

The Senate tried but failed last moth to pass a reauthorization of the bill by attaching it to a must-pass bill. Schumer said his office has also been in touch with Delta Airlines, a critic of the bank's renewal, to help allay some of their concerns.

(See ITT's Online Archives 12032132 for summary of the Senate's failure to pass the reauthorization last month.)