Hensarling sets Ex-Im Bank hearing
House Financial Services Committee Chairman Jeb Hensarling (R-Texas) will hold a hearing on reauthorizing the Export-Import Bank on Wednesday.
The hearing comes amid intense speculation about whether Hensarling will move a bill through his panel that reauthorizes the bank, which will shut down on June 30 unless Congress reauthorizes its charter.
{mosads}Hensarling is a staunch critic of the bank’s reauthorization and argues it is an example of Washington’s culture of crony capitalism. Supporters say it helps increase U.S. trade by financing projects to stimulate exports and jobs.
Ex-Im Chairman Fred Hochberg will testify at the hearing, as will Michael McCarthy, the bank’s acting inspector general.
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