Dems push seven-year Ex-Im bill

Dems push seven-year Ex-Im bill
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House Democrats unveiled a bill on Wednesday that would reauthorize the Export-Import Bank for seven years.

Democratic Reps. Maxine Waters (Calif.), Gwen MooreGwen Sophia MooreA dozen House Democrats call on EU ambassador to resign amid Ukraine scandal The 13 House Democrats who back Kavanaugh's impeachment On The Money: Senate panel scraps vote on key spending bill amid standoff | Democrats threaten to vote against defense bill over wall funding | Trump set to meet with aides about reducing capital gains taxes MORE (Wis.), Denny HeckDennis (Denny) Lynn HeckExclusive: Guccifer 2.0 hacked memos expand on Pennsylvania House races Heck enjoys second political wind Incoming lawmaker feeling a bit overwhelmed MORE (Wash.) and Steny Hoyer (Md.), who is the House minority whip.

A Democratic aide working on the bill said that they have received commitments from more than 50 Democratic members to co-sponsor.

β€œThis comprehensive, seven-year renewal seeks to put politics aside and begin the serious work necessary to ensure the Export-Import Bank can continue supporting hundreds of thousands of American jobs,” Waters, the top Democrat on the House Financial Services Committee, said in a statement.

The proposal also includes provisions that would require officials to display environmental assessment reports on the bank website no later than 15 business days after it receives the documents.

Sens. Mark KirkMark Steven Kirk10 top Republicans who continue to deny the undeniable GOP senator says he doesn't remember signing 2016 letter urging 'reform' of Ukraine prosecutor's office The 13 Republicans needed to pass gun-control legislation MORE (R-Ill.) and Joe ManchinJoseph (Joe) ManchinSchumer seeks focus on health care amid impeachment fever The Hill's 12:30 Report β€” Presented by USAA β€” Ex-Ukraine ambassador testifies Trump pushed for her ouster GOP requests update on criminal referrals prompted by 2018 Kavanaugh probe MORE (D-W.Va.) will unveil a companion bill later this afternoon at a press conference on Capitol Hill.

Congress must reauthorize the bank before June 30 or it will shut down.

Tea Partyers have denounced the bank as "cronyism" and "corporate welfare" that only helps large corporations. It's unclear whether House Financial Services Committee Chairman Jeb Hensarling (R-Texas), who opposes the bank, will move any type of Ex-Im reauthorization bill through his panel.

Rep. Stephen FincherStephen Lee FincherTrump announces, endorses ambassador to Japan's Tennessee Senate bid Lamar Alexander's exit marks end of an era in evolving Tennessee Tensions on immigration erupt in the House GOP MORE (R-Tenn.) and 57 House Republicans are supporting a five-year reauthorization bill.

The Democrats' proposal does not include controversial provisions championed by some lawmakers that would overturn bank regulations limiting financing for projects involving power plants that haven't adopter greener technology standards.

The coal industry favors stripping those provisions, which are included in the Republican proposal.