Regulations and Government
Ex-Im Bank Charter Expires as U.S. Congress Takes Holiday
With another attempt to renew its charter expected, the export credit agency will continue operating and managing its existing loan portfolio.
The Export-Import Bank remains funded through the end of the federal fiscal year, a spokesman said. (Photo: Bill Carey)
The Export-Import Bank remains funded through the end of the federal fiscal year, a spokesman said. (Photo: Bill Carey)

The U.S. Congress broke for its July 4th holiday recess without voting to renew the charter of the Export-Import Bank, handing an initial victory to conservative members who oppose the export credit agency. The bank’s charter was set to expire at midnight on June 30; however, the agency will continue operating and managing its existing loan commitments.