Senate leader eyes quick passage of Ex-Im Bank bill

Reuters News
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Posted: May 10, 2012 5:21 PM
Senate leader eyes quick passage of Ex-Im Bank bill

WASHINGTON (Reuters) - Senate Majority Leader Harry Reid on Thursday said he hoped the Senate would pass a bipartisan bill by the end of the day to renew the U.S. Export-Import Bank's charter, which is set to expire on May 31.

In a speech on the Senate floor, Reid said he hoped Republicans would cooperate in an effort to pass the legislation by an unanimous voice vote, instead of forcing a protracted debate on the bill.

The House of Representatives voted 330-93 on Wednesday to pass the bill, which extends the bank's charter to September 2014 and gradually raises its lending cap to $140 billion, from $100 billion currently.

(Reporting By Doug Palmer; Editing by Paul Simao)