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House gets votes for possible ExIm reauthorization

Rep. Stephen Fincher, R-Tenn.
Bill Clark | CQ Roll Call | Getty Images
Rep. Stephen Fincher, R-Tenn.

The House on Friday got enough votes to possibly reauthorize the Export-Import Bank's charter.

The another vote to officially reauthorize the charter will likely take place on Oct. 26.

A petition led by Rep. Stephen Fincher, R-Tenn., was filed by a number of House members to bring back the bank earlier Friday.

"This Republican-led petition is a procedure to stand up to Washington's broken system that is killing thousands of American jobs and jeopardizing thousands more," the petition said.

"We refuse to look any more hardworking Americans in the eye and say, 'you lost your job because Congress refused to hold a vote.' This cannot wait any longer. If we do not get this done for the American people, the only thing our country will be exporting is jobs."

Congress let the agency's charter expire this summer.

"Ex-Im supporters have so far failed to convince a majority of Republicans on the Financial Services Committee to support a vote on reauthorizing the Bank," Chairman of the House Financial Services Committee Jeb Hensarling, R-Texas, said in a letter.

"I respect my colleagues who believe Ex-Im is essential economic development, just as I respect those who believe Ex-Im is unfair and harmful corporate welfare. But I hope all Republicans, regardless of their stand on this one issue, will recognize that signing a discharge petition sets a very serious, very dangerous precedent for our Republican majority that goes far beyond Ex-Im," he said.

The issue surrounding the ExIm reauthorization has not only made headwinds in Congress, but also in business.

On Thursday, Ethiopian Airlines told Boeing in a letter the ExIm's shutdown raised concerns about the airline's ability to take delivery of Boeing jets already ordered.

Comair, a South African airline, delivered a similar message to Boeing on Sept. 30, saying the loss of the ExIM could jeopardize $1.1 billion in its orders for Boeing 737-800 and 737 MAX 8 aircraft.

—Reuters contributed to this report.