Posted On: 08/23/2016 1:30:28 PM
Post# of 22940
NOT an unknown time for the Ex-Im $85M loan.
When the 2017 State and Foreign Appropriations bill is passed, effective October 1, 2017 Ex-Im will again be allowed to fund loans greater than $10M.
With Ex-Im being supported by the majority of Senate and House, as well as this quorum requirement change being included as an amendment to a greater funding bill the risk of it not being approved is slim to none.
Remember the current holdup is the result of a single person, Rep. Shelby, who as the chairman of the Senate Committee on Banking Housing and urban Affairs is not allowing the Senate to vote on the confirmation of Ex-Im's appointed board members to achieve a quorum.
It may seem crazy that a single person whose opinion is contrary to the majority of congress can do this, however Rep. Dent helped to get around this roadblock by adding the quorum amendment to the appropriations bill. When passed the bank will have quorum without the additional board members being confirmed by the Senate.
Politics.....
When the 2017 State and Foreign Appropriations bill is passed, effective October 1, 2017 Ex-Im will again be allowed to fund loans greater than $10M.
With Ex-Im being supported by the majority of Senate and House, as well as this quorum requirement change being included as an amendment to a greater funding bill the risk of it not being approved is slim to none.
Remember the current holdup is the result of a single person, Rep. Shelby, who as the chairman of the Senate Committee on Banking Housing and urban Affairs is not allowing the Senate to vote on the confirmation of Ex-Im's appointed board members to achieve a quorum.
It may seem crazy that a single person whose opinion is contrary to the majority of congress can do this, however Rep. Dent helped to get around this roadblock by adding the quorum amendment to the appropriations bill. When passed the bank will have quorum without the additional board members being confirmed by the Senate.
Politics.....
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