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Despite Long To-Do List, August Recess Begins

Despite Long To-Do List, August Recess Begins

At the end of this week, all of Congress will begin their August recess during which they will tend to district matters, constituent meetings and ongoing fundraising efforts. Unfortunately, their to-do list remains long and challenging.

Reduce Risk when Exporting and Importing

NSBA Partner Livingston has put together valuable resources for small firms looking to import and export, and outlines key preparation steps you can take to reduce your risk and make importing and exporting a source of increased revenue.

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Ex-Im Stripped from Short-Term Highway Bill

The House Rules Committee narrowly rejected an amendment to attach reauthorization of Ex-Im Bank to the short-term highway funding bill—a measure which appears likely to pass both the House and Senate this week.

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Ex-Im Bank Amendment Expected in Highway Bill

Following Congress’ failure to reauthorize the Export-Import Bank in June, supporters in the Senate are aiming for inclusion of an amendment to the highway funding bill that would reauthorize the Bank – despite urging from House leadership not to do so.

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Ex-Im Bank May be Revived in Highway Trust Fund Bill

While Congress failed to reauthorize the Export-Import Bank of the U.S. prior to its charter expiring at the end of June, a group of bipartisan Senators are hoping to do so by attaching it to “must-pass legislation,” the Highway Trust Fund.

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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.

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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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