House to vote on increase in Ex-Im Bank lending cap

May 08, 2012 | 05:22 PM |

Tags  Export-Import Bank, Ex-Im Bank, NAM, exporting, Boeing, National Association of Manufacturers, Catherine Ngai

NEW YORK — The U.S. House of Representatives is set to vote Wednesday on a bill that would increase the lending cap of the U.S. Export-Import Bank before a May 31 deadline.

The government-run bank provides loans and credit to help U.S. exporters sell into foreign markets. If approved, the legislation would raise the bank’s funding levels to $140 billion by 2014 from a $100-billion ceiling now.....

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