Raising the Financing Authority of the U.S. Export-Import Bank

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The U.S. Senate approved a bill that would reauthorize and increase funds for the Export-Import Bank of the United States, a federal trade bank that helps boost U.S. exports.

The legislation would reauthorize the bank, whose charter was set to expire at the end of May, through September 2014 and raise the bank's lending cap from $100 billion to $140 billion to provide credit and loan guarantees to support the purchase of U.S. exports abroad.

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