The House late Wednesday rejected a slew of amendments to reform the defunct Export-Import Bank, bringing it a step closer to revival despite opposition from conservative factions in both the House and Senate.
Conservative Republicans tried to attach the amendments to a multi-year highway funding bill that was sent over from the Senate. The underlying bill includes a provision to reauthorize the bank and it is expected to pass the House on Thursday.
A bipartisan coalition voted to defeat the amendments, arguing that if any are attached, that would make the House bill different from the Senate bill, which would leave the bank's revival vulnerable to extinction when the House and Senate try to negotiate compromise bill.
The amendments were defeated largely by the same group of 313 lawmakers who on Oct. 27 voted in a standalone bill to revive the bank.Read more on WashingtonExaminer.com