As part of Obama's push to increase the nation's exports, Democrats want to attach a provision to reauthorize $100 billion a year, plus an additional $10 billion a year for four years — a total of $140 billion by 2015 — to replenish the lending capacity of the nation's Export-Import Bank. The current authorization expires in May.
Sen. Maria Cantwell (D-Wash.) called the bank "one of the most important tools America has to create jobs."
The Export-Import Bank operates as a government financier for companies that sell goods overseas, but has drawn scrutiny from critics who say it is outdated in an era of global finance.
Republicans, particularly conservatives in the House, have objected to the size and duration of the reauthorization and are likely to object to the Senate's approach.
Any changes to the legislation adopted by the Senate would need to be approved in the House.
Please move aside and allow the small American company to work and grow in fair competition and stop telling us who to hire, when to hire, and how long we are to be responsible for those we used to hire!