In This Issue:
- Debate Swirls As Deadline Approaches For Export-Import Bank Reauthorization
- House Approves Bill to Make R&D Tax Credit Permanent
- China Issues New Policy to Boost Foreign Trade
- U.S. Trade Representative Recognizes Export Success Of Atlas Devices
- Electrical Steel Investigations Advance
- News Of Note:
•State Department Increases Emphasis On International Commerce
•USTR Issues Special 301 Report On Intellectual Property Rights
•Rhonda Schmidtlein Sworn In As ITC Commissioner
- Excerpt from Debate Swirls As Deadline Approaches For Export-Import Bank Reauthorization:
Opponents, primarily conservative Republicans, are challenging the potential reauthorization of the Export-Import Bank of the United States (Ex-Im Bank). Chairman Jeb Hensarling (R-TX) of the House Financial Services Committee used a speech at the Heritage Foundation on May 20 to argue against re-authorization of the Ex-Im Bank, calling it "corporate cronyism" and describing it as an element of the "Washington insider economy." Hensarling's committee has jurisdiction over the Ex-Im Bank, and the Bank's charter will expire if it is not renewed by September 30.
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