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A broad coalition of business groups — including the U.S. Chamber of Commerce and the National Association of Manufacturers — is pushing for the bank's reauthorization, rallying small businesses nationwide in an effort to showcase how small businesses also benefit from the federally backed bank – not just the largest U.S. companies such as General Electric and Boeing.
In an interesting historical twist, the Republicans, who have long supported the Ex-Im Bank have divisions over the bank’s reauthorization Congress must reauthorize the bank by June 30 or it will shut down. Rep. Stephen Fincher (R-TN) has a five-year Ex-Im reauthorization bill that includes more stringent transparency measures than the Democratic version. Fincher's bill has 58 Republican co-sponsors but not enough support to get the bill to pass. A short term extension is planned.