WASHINGTON – Congress is about to decide the fate of an obscure federal agency that has become improbably tangled in presidential politics and Republican Party infighting.
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Conservative groups including those backed by the Koch (kohk) Brothers are among those pushing Republican lawmakers and candidates to oppose the Export-Import Bank. They argue it amounts to corporate welfare.
On the other side are most Democrats, leading business groups like the U.S. Chamber of Commerce and some business-friendly Republicans who say killing the Export-Import Bank threatens the U.S. economy.
Opponents prevailed last month as congressional inaction caused the Export-Import Bank's charter to expire.
But now supporters are pushing to revive the bank by attaching it to must-pass highway legislation that will be debated in the Senate this week.