Senate Democrats hope to pass Export-Import Bank legislation Thursday

ADVERTISEMENT
Senate Democrats hope to pass H.R. 2072, the Securing American Jobs Through Exports Act, by unanimous consent, according to a Senate Democratic aide.

Senate Majority Leader Harry Reid (D-Nev.) previously indicated a strong interest in swiftly passing the legislation and reconvened the Senate on Thursday with one hour of debate on the legislation.

In an a rare moment of strong bipartisanship, House Democrats joined Republicans in passing the bill Wednesday evening. No Democrat opposed the legislation, while 93 Republicans did.

Business groups consider the Export-Import Bank vitally important because of loan guarantees and loans it offers in order to make it easier for companies to buy U.S. products and services overseas.

More in Finance

Key players in the Export-Import Bank fight

Read more »