Senate rejects energy amendment to Ex-Im bill

Republicans have long been suspicious of the Export-Import Bank’s energy dealings. They railed against a 2009 proposed financing opportunity of up to $2 billion from the bank to the Brazilian oil company Petrobras to ensure the purchase of U.S. goods as the company explores for oil.

The GOP blasted the proposal, arguing that the administration should focus on expanding domestic oil-and-gas development. But the Export-Import Bank said at the time that the Petrobras proposal could result in 16,000 U.S. jobs, as it requires the purchase of U.S. goods. And the bank noted that it is a "self-funding, independent agency which operates at no cost to the taxpayer." Read more on the proposal here.

The Hill's Daniel Strauss has more on the amendment vote here.

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