House approves transportation bill that renews trade bank

Reuters News
Posted: Nov 05, 2015 11:14 AM

WASHINGTON (Reuters) - The U.S. House of Representatives on Thursday voted to pass a multi-year transportation funding bill that also renews the Export-Import Bank's charter, but final provisions of the measure will be subject to negotiations with the Senate.

The bill authorizes federal spending on road, bridge and rail transit infrastructure projects for six years, providing guaranteed funding for three years. The measure also would revive the Export-Import Bank, which has been idled for more than four months since its charter expired on June 30.

(Reporting by David Lawder; Editing by Susan Heavey)