

All amendments to Ex-Im bill fail
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05/15/12 04:36 PM ET
The Senate defeated all five Republican amendments to legislation reauthorizing the Export-Import Bank.
An amendment by Sen. Mike Lee, (R-Utah), eliminating the bank in 2013, failed in a vote of 12-87. That vote was followed by Sen. Rand Paul's (R-Ky.) amendment which keeps the bank from loaning to projects in countries that have government debt instruments like government bonds. Paul's amendment failed, 9 to 89. An amendment by Sen. Bob Corker (R-Tenn.) that stopped the bank from fully financing certain products, did not pass 36 to 62.
The votes on the five amendments were part of a deal Senate Majority Leader Harry Reid (D-Nev.) made with Senate Republicans to end an impasse over moving the reauthorization legislation forward. Under the agreement, the Senate would vote on the five amendments, each with a 60-vote threshold, and then proceed to a vote on the actual bill, also with a 60-vote threshold.








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