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Ex-Im Bank’s Charter Expires

Ex-Im Bank’s Charter Expires

At midnight on June 30, the charter of Ex-Im Bank expired due to Congress’ failure to reauthorize the Bank before recessing last week, meaning all new projects being considered by Ex-Im will be frozen and the Bank will only service existing deals until Congress acts.

Trade Bills Signed into Law

Earlier this week, President Barack Obama signed into law Trade Promotion Authority and the Trade Preferences Extension Act, which will clear the way for U.S. trade negotiators to successfully finalize trade agreements currently being discussed.

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Senate Shows Broad Support for Ex-Im Bank

Last week, the Senate—in a primarily symbolic procedural vote—demonstrated broad support for a long-term reauthorization of the Export-Import Bank of the U.S. (Ex-Im) with 65 Senators voting in support of the Bank.

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House Extends Deadline for Considering Trade Package

Earlier this week, the House gave Republican leadership and President Barack Obama until July 30 to figure out a way to pass Trade Promotion Authority legislation following its failure to proceed under a technical move on June 12.

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Bill to Improve Export Promotion for Small Businesses

Recently, House Small Business Committee Chairman Steve Chabot (R-Ohio) and Rep. Gerry Connolly (D-Va.) introduced legislation to improve the coordination of federal export promotion resources.

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House Remains Uncertain on Trade Promotion Vote

The House could soon consider Trade Promotion Authority (TPA), legislation which would allow the president to enter into reciprocal trade agreements, and passed the Senate last month.

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NSBA Board Member Mike Stanek Testifies on Exporting

Earlier today, NSBA Board Member Mike Stanek testified before the House Committee on Small Business about the challenges facing small firms when it comes to exporting.

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Trade Promotion Authority Debates Continues in Senate

The Senate in the midst of debating amendments to legislation (TPA-2015) which would allow the president to enter into reciprocal trade agreements and requires a timely vote from Congress absent amendments.

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Rep. Meng Proposes Bump in Ex-Im Small Biz Mandate

NSBA recently sent a letter in support of legislation offered by Rep. Grace Meng (D-N.Y.) that would increase the targeted level of financing for small-business exports by the Export-Import Bank.

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Senate Democrats Block Trade Promotion Authority

Yesterday, Senate Democrats voted against a procedural motion to consider Trade Promotion Authority (TPA), which would reinstate TPA and set specific conditions on the president when negotiating trade deals.

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