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Judi Lynn

(160,623 posts) Fri Oct 23, 2015, 10:20 PM Oct 2015

House to start voting Monday on revival of shuttered trade bank

Source: Reuters

House to start voting Monday on revival of shuttered trade bank
Reuters
3 hours ago

WASHINGTON (Reuters) - U.S. lawmakers will begin voting on Monday on legislation to revive the shuttered Export-Import Bank, a spokeswoman for a leading Republican backer of the bank said on Friday.

A so-called "discharge petition," a procedural maneuver that has been successful only a handful of times in the past century, to renew the trade bank's charter matures on Monday.

The petition has support from 218 lawmakers, a majority of the chamber, including 42 Republicans, effectively overruling House Financial Services Committee Chairman Jeb Hensarling, a vocal critic of the bank.

Representative Stephen Fincher, who circulated the petition, will start the voting process with a floor motion on Monday, his spokeswoman said.

Read more: http://news.yahoo.com/house-start-voting-monday-revival-shuttered-trade-bank-223552887--business.html

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House to start voting Monday on revival of shuttered trade bank (Original Post) Judi Lynn Oct 2015 OP

Corporate welfare will not be denied to Boeing, GE and Bechtel. n/t PoliticAverse Oct 2015 #1

Every other industrialized country has a bank like this, and it uses no tax money Recursion Oct 2015 #2

Yes most industrialized countries have large corporate welfare operations. PoliticAverse Oct 2015 #3

Because we'd like them to export stuff? Recursion Oct 2015 #4

PoliticAverse

(26,366 posts)

1. Corporate welfare will not be denied to Boeing, GE and Bechtel. n/t

Reply to Judi Lynn (Original post)

Fri Oct 23, 2015, 10:48 PM

Oct 2015

Recursion

(56,582 posts)

2. Every other industrialized country has a bank like this, and it uses no tax money

Reply to PoliticAverse (Reply #1)

Fri Oct 23, 2015, 11:05 PM

Oct 2015

The sheer lunacy of the Tea Party's attempt to frame this as corporate welfare is staggering.

PoliticAverse

(26,366 posts)

3. Yes most industrialized countries have large corporate welfare operations.

Reply to Recursion (Reply #2)

Fri Oct 23, 2015, 11:13 PM

Oct 2015

Boeing, GE and Bechtel made billions in profits last year, you think they could
bear the loan guarantee risk rather than the Government but why should they
when they can socialize the risk and privatize the profits?

Recursion

(56,582 posts)

4. Because we'd like them to export stuff?

Reply to PoliticAverse (Reply #3)

Fri Oct 23, 2015, 11:14 PM

Oct 2015

Was that a rhetorical question?

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