House to start voting Monday on revival of shuttered trade bank
Source: Reuters
US | Fri Oct 23, 2015 6:35pm EDT
House to start voting Monday on revival of shuttered trade bank
WASHINGTON
U.S. lawmakers will begin voting on Monday on legislation to revive the shuttered Export-Import Bank, a spokeswoman for a leading Republican backer of the bank said on Friday.
A so-called "discharge petition," a procedural maneuver that has been successful only a handful of times in the past century, to renew the trade bank's charter matures on Monday.
The petition has support from 218 lawmakers, a majority of the chamber, including 42 Republicans, effectively overruling House Financial Services Committee Chairman Jeb Hensarling, a vocal critic of the bank.
Representative Stephen Fincher, who circulated the petition, will start the voting process with a floor motion on Monday, his spokeswoman said.
There could be several procedural votes before a vote on final House passage, possibly on Tuesday.
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http://www.reuters.com/article/2015/10/23/us-usa-congress-eximbank-idUSKCN0SH2MI20151023