Congressional Reauthorization of Export-Import Bank Strengthens Small Business Exporters and the US Economy
The Export-Import (Ex-IM) Bank has been reauthorized by Congress to operate for three years. On Tuesday, May 15, 2012, the Senate passed the bill previously passed by the House of Representatives. In addition to the re-authorization, the bill also raises the independent federal agency’s lending cap gradually from the current $100 billion to an eventual cap of $140 billion in 2014.