Business groups target financial adviser rule

| Posted in In the News

by Peter SchroederThe financial industry is eyeing a must-pass government funding bill as a way to stymie administration efforts to impose contentious new rules on the sector.As lawmakers work to craft an omnibus funding bill before a Dec. 11 deadline, the industry is pushing to include an amendment that could halt, or at least slow down, a reviled rule imposing a “fiduciary duty” on retirement in...

House Democrats urge opposition of Export-Import Bank amendments to highway bill

| Posted in In the News

by Vicki NeedhamFour top House Democrats are urging their colleagues to oppose any amendments to a highway bill that would damage efforts to reauthorize the Export-Import Bank.House Democratic Whip Steny Hoyer (Md.), House Financial Services Committee Ranking Member Maxine Waters (Calif.) and Reps. Gwen Moore (Wis.) and Denny Heck (Wash.) sent a letter to the House Democratic Caucus on Monday, cal...

House Votes to Reauthorize Export-Import Bank

| Posted in Press Releases

Today's House vote to reauthorize the Export-Import Bank is a major victory for American workers. This important bipartisan vote signifies that both Republicans and Democrats understand the value this vital federal agency adds to our collective effort to bolster and grow our economy. I'd like to thank my Republican colleagues who broke with the extreme wing of their party and joined us to pass this critical legislation.

Ex-Im Bank Gets Unstuck in the House, but Senate Fate Is Uncertain

| Posted in In the News

by Alex BrownIt took a historic procedural move to get the House to vote on the Export-Import Bank, a process that moved closer to reality with Monday night’s motion to set up a floor vote Tuesday. Getting the bank actually reauthorized may take a more typical Washington maneuver: tying it to must-pass legislation as Con­gress rushes to meet a flurry of late-year deadlines.Even as bank allies cele...

House uses rare procedure to revive Export-Import bank

| Posted in In the News

by Paul Singer, Nathan Bomey and Paul DavidsonWASHINGTON — The House launched a rare effort Monday to circumvent Republican leadership in hopes of reviving the Export-Import Bank, which conservatives managed to choke off earlier this year.The procedure, known as a "discharge petition," basically allows a simple majority of the House to force the House to vote to extend the bank's charter. In the M...

Here Come the Republican Moderates

| Posted in In the News

by Russell BermanIt has taken nearly five years and the resignation of a speaker, but moderate Republicans in the House have taken their most aggressive step to undermine the influence of hard-right conservatives in the party.A group of more than 50 GOP lawmakers joined nearly the entire Democratic caucus to force a vote on legislation reauthorizing the Export-Import Bank, the 80-year-old federal ...

Bipartisan coalition forces House vote to reopen Export-Import Bank

| Posted in In the News

by Jim PuzzangheraA bipartisan group of House lawmakers joined Friday to force a vote in the coming weeks to reopen the Export-Import Bank, whose charter expired this summer because of opposition from key congressional leaders.The move is a victory for supporters of the 81-year-old bank, which helps U.S. companies export their goods.But even if a reauthorization bill passes the House, expected as ...

House Dem unveils measure to aid small business sales abroad

| Posted in In the News

By Rebecca ShabadRep. Grace Meng (D-N.Y.) is introducing legislation that would assist small businesses that sell their products abroad. The measure would instruct the Export-Import Bank to increase the amount of financing it provides to small business from 20 to 25 percent. “It would help create jobs, stimulate our economy and allow businesses to better compete in foreign markets across the globe...

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