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Export-Import Bank finally clears U.S. House

Good for members of the U.S. House for circumventing procedural roadblocks and voting to reauthorize the Export-Import Bank – no thanks to three of Kansas’ four delegation members (only Rep. Kevin Yoder, R-Overland Park, voted for it). The charter for the Ex-Im Bank, which helps finance and insure U.S. exports, expired July 1. Wichita-area aviation manufacturers, the U.S. Chamber of Commerce and other supporters of the bank say it is essential to facilitating certain exports and competing with other countries (which have their own export banks). But Koch-backed groups pressured lawmakers not to reauthorize the bank, which they contend is a form of corporate welfare. Rep. Mike Pompeo, R-Wichita, said he couldn’t support the bank in its present “corrupt” form. “The Export-Import Bank is another government program that will cost American jobs and harm American taxpayers,” Pompeo said in a statement. – Phillip Brownlee

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