Ex-Im funding will now be temporarily extended, and then the GOP will figure out a way to reauthorize it for another few years.
Former Club for Growth president and now Sen. Pat Toomey (R-PA) is also a former supporter of the Ex-Im Bank.
“In 2012, when it was last up for reauthorization, there was some pushback on [the Ex-Im Bank],” Katz explained.
The Ex-Im Bank charges fees and turns a profit while doing so.
A dozen years ago, many Republicans were supporters of the Ex-Im Bank.