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Paul Ryan

Renew the Ex-Im Bank's charter

The relatively unknown Export-Import Bank is a loan guaranty entity of the federal government that assists U.S. companies to grow their export of products. Founded in 1934 as a part of the New Deal legislation, the bank's charter has been renewed on a bi-partisan basis without controversy since that time. The charter is again up for renewal June 30, and for the first time in nearly 81 years of existence, there is a distinct possibility that the charter will be allowed to expire. This extraordinarily unfortunate development is the result of intense lobbying on the part of certain narrow corporate interests coupled with their conservative political allies such as the Heritage Foundation...