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In December, large majorities in both chambers voted to renew its lapsed charter. But Sen. Richard Shelby (R., Ala.), the chairman of the Senate Banking Committee, has blocked the confirmation of a board member, depriving the bank of the quorum needed to approve deals exceeding $10 million.

The dispute illustrates the backlash that large companies are facing in Washington from a Republican Party that has grown increasingly populist. It is also the latest of several recent moves by Senate Republicans to shape policy using the nominations process.

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Mr. Hochberg was in China to hold regular meetings with officials at the Export-Import Bank of China, leasing companies and the China Export & Credit Insurance Corp., or Sinosure. He said the Chinese officials found the U.S. legislative delays “confounding.”

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