Business Groups Ramp Up Push for Export-Import Bank to Make Larger Loans

(SDC Executive, Arizona, 15 September 2016) A growing number of business groups are urging House and Senate leaders to approve a spending bill allowing the Export-Import Bank to approve larger loans again. Fifteen groups sent a letter calling on congressional leadership to include a temporary change to the agency's quorum requirement for its board of directors in a continuing resolution (CR) so that it may again review transactions over $10 million. Under current law, the five-member board must have three people to evaluate transactions above that level. There are only two board members now.