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U.S. EXIM board vote delay could hobble trade bank for months
December 8, 2015 6:34 PM ESTBy David Lawder
WASHINGTON (Reuters) - Senate Banking Committee Chairman Richard Shelby said on Tuesday he is "in no hurry" to hold a vote on U.S. Export-Import Bank board nominees, potentially keeping the trade lender from approving large transactions over $10 million for months.
After being idled for five months, EXIM won a four-year renewal of its charter last week as part of a transportation funding bill, thwarting conservative Republicans' campaign to close the trade bank and end what they called its "corporate welfare."
But by holding up the board nominations, Shelby could effectively shut... More
