On Tuesday, the House voted, 313 to 118, to resuscitate the U.S. Export-Import Bank, an 81-year-old trade lending agency whose charter lapsed earlier this year. Free-market conservatives and most Republican leaders opposed reviving the bank, but Republican supporters and Democrats forced a vote by employing a little-used parliamentary maneuver to bring the bill out from the jurisdiction of the House Financial Services Committee, whose chairman had refused to allow a vote on it. In the end, a majority of Republicans and all but one Democrat voted in favor of the measure.
A large bipartisan majority of the Senate also approved renewing the Ex-Im Bank charter in July, overcoming a conservative filibuster, but that measure was attached to a transportation funding bill. Senate Majority Leader Mitch McConnell (R-Ky.) opposes reviving the bank, but now that both chambers have backed it with large majorities, backers may prevail in getting the measure included in the final transportation bill.
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