Reuters: U.S. House Approves Highway Bill, Revives Ex-Im Bank



Reuters reported the U.S. House passed a five-year transportation bill that would fund America’s roads, bridges and mass-transit systems and also revive the charter of the U.S. Export-Import Bank, which had been allowed to expire in the face of conservative opposition.

Reuters said, in a show of Congressional bipartisanship, the House of Representatives voted 359 to 65 to send the $305 billion legislation to the Senate. It is widely expected to be approved and forwarded to the White House for President Barack Obama’s signature before a temporary funding measure expires on Friday.

Reuters noted that all 65 “no” votes came from Republicans, including lawmakers opposed to the Ex-Im bank measure.

The reauthorization has received praise from some industry leaders.

“Congress did the right thing today when it voted to reauthorize the U.S. ExIm bank. On behalf of our employees and suppliers across the country, we applaud the leaders in both the House and Senate who made this possible,” said Jeff Immelt, GE chairman and CEO. “It is excellent news for workers and businesses large and small who can now confidently compete and win deals globally.”


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