Democrats mobilise to force vote on US Ex-Im's reauthorisation

(TXFNews, Washington, 30 April 2015) The US’ House of Democrats today set in motion a process to bypass the House Republican leadership that would force a vote on legislation to the extend the charter of the country’s export credit agency, the Export-Import Bank of the United States. The move comes with just 26 legislative days left until the bank is due to shut down on 30 June. Democratic Leader Nancy Pelosi, Whip Steny Hoyer and three key members of the Financial Services Committee have joined forces to sign a discharge petition – a procedure that, if supported by the majority of the House, would bring legislation to reauthorise and reform US Ex-Im up for a vote. Rep Denny Heck (D-WA), Ranking Member Maxine Waters (D-CA) and Ranking Member of the Subcommittee on Monetary Policy and Trade Rep Gwen Moore (D-WI), led the effort on the House Floor this morning.