U.S. Ex-Im Bank backers pin hopes on temporary reauthorization

[riky]

U.S. Ex-Im Bank backers pin hopes on temporary reauthorization

Export-Import Bank said on Wednesday they hope the institution's charter will be extended temporarily while Congress hashes out a longer-term reauthorization of the bank, which some lawmakers are bent on closing. "We still have our fingers crossed that we might be able to get votes in both the House and Senate, but... more likely it will be a process that's going to extend," said John Hardy, president of the Coalition for Employment through Exports, a trade association that supports U.S. "It's not unusual, particularly these days, that a bill that has been as contentious as this one has required these sorts of extensions." Since Congress is in session for only part of September, a short-term extension could give lawmakers more time - perhaps two or three months - to negotiate a reauthorization bill that could pass both houses of Congress and be signed into law by the president, Hardy told reporters on a conference call.

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