On 30 September 2019 the congressional authorization for the
Export-Import Bank of the United States (bank) is set to expire. If
Congress fails to reauthorize the bank before then, the bank can
continue to service its existing obligations; however, no new loan,
guarantee, or insurance commitments can be approved. The last lapse
occurred from 1 July to 3 December 2015, but ended when
reauthorization was added to the must pass, Fixing America's
Surface Transportation Act (P.L. 114-94).
Today neither the U.S. House Committee on Financial Services nor
the U.S. Senate Committee on Banking, Housing, and Urban Affiars
has moved a bill that would reauthorize the bank. In late June, U.S
House Committee on Financial Services Chairwoman Maxine Waters
(D-CA) and the Committee's ranking member Patrick McHenry
(R-NC) had a bipartisan deal that was supposed to sail through the
House Committee. However, at the last second, enough Democratic
committee members balked at the agreement
