Hoyer urges passage of Ex-Im Bank renewal

House Democratic Whip Steny HoyerSteny Hamilton HoyerHouse cancels planned Thursday vote on FISA Gun control group rolls out House endorsements Pelosi pulls vote on FISA bill after Trump veto threat MORE (D-Md.) on Thursday urged lawmakers to pass a bill reauthorizing the Export-Import Bank amid an upheaval in Republican leadership. 

Hoyer said he has been able to muster Democratic support for issues that he and outgoing House Majority Leader Eric CantorEric Ivan CantorBottom Line The Democrats' strategy conundrum: a 'movement' or a coalition? The biggest political upsets of the decade MORE (R-Va.) have worked on together, including Ex-Im. 


"I will tell you Democrats historically during this Congress have been able to marshall overwhelming majorities for issues that I was able to work with Eric Cantor, for instance, Export-Import Bank," Hoyer said Thursday on CNBC.

Ex-Im has created an ideological divide in the House — 93 Republicans voted against the 2012 measure while every Democrat supported the Bank's renewal. 

“I think it is an ideological issue," Hoyer said. "Ninety-three Republicans, it wasn't like four or five Republicans voted against it."

Overall, Hoyer doesn't expect that the shift will do much to affect the House's agenda. 

“I don't think any one person, myself, Mr. Cantor or others will be the determination on that,” Hoyer said on CNBC.

“But we will see whether the Republican Party can move forward and reflect what the majority of the American people think ought to be the agenda of the Congress.”

After work on both sides of the Capitol two years ago, the Bank's reauthorization eventually passed with broad support in both chambers. 

"We passed that with over 300 votes the last time we authorized it a couple of years ago. We need to get that done," Hoyer said on MSNBC's "Morning Joe."

But even with Cantor's support of the Bank, the bill has faced plenty of hurdles. 

"Very frankly, Eric Cantor was for it, but in his deeply divided party he couldn't bring it back on the agenda," Hoyer said Thursday on CNBC.

"That's unfortunate.”

Last month, Cantor told Hoyer on the House floor that he was handing the reins for Ex-Im over to House Financial Services Committee Chairman Jeb Hensarling (R-Texas), who opposes any more funding.

Hensarling was considered a top choice to replace Cantor until he withdrew his name Thursday morning. 

Cantor is expected to leave his post July 31, a decision he made Wednesday after losing his primary race to a virtually unknown college professor, Dave Brat.

Without congressional action, the Bank's charter would expire Sept. 30.

Hoyer said Ex-im, which is back by labor and business groups, is a major part of the Democrat's jobs plan.

"The creation of jobs and making sure that America is competitive internationally is a critically important component."