Legislation in U.S. Congress Will Continue Ex-Im Bank
The bank helps finance exports of American-made products, including airplanes and helicopters.
Export-Import Bank chairman Fred Hochberg tours a Siemens plant. (Photo: Ex-Im Bank)
Export-Import Bank chairman Fred Hochberg tours a Siemens plant. (Photo: Ex-Im Bank)

The U.S. Congress moved closer to voting on “stopgap” funding legislation that includes a controversial provision to temporarily extend the charter of the Export-Import Bank, which helps finance exports of American-made products, including airplanes and helicopters. Conservative Republicans backed by likeminded groups such as Heritage Action America accuse the federal agency of doling out “corporate welfare” to large companies, including Boeing, and oppose its reauthorization.