House passes Export-Import Bank reauthorization spurned by White House and Senate

Trump helped breathe new life into the crony capitalist Export Import Bank. It should be dead, and almost was. But Maxine Waters refused to play with the GOP on this and as a result this bill will die in the Senate.

(From The Washington Examiner)

Rep. Maxine Waters, a California Democrat and author of the reauthorization bill, said other countries had similar agencies to back their exports, and the United States was only hurting itself by not having its own. “This is a bill that will correct the harm done to our export agency,” she said.

Republican critics countered that it was Democratic leadership that rejected bipartisan proposals to reauthorize the bank. “This is just a show, and at the end of the day, this will not be law,” said Rep. Patrick McHenry, a North Carolina Republican.