U.S. House approves transportation bill with trade bank renewal

By David Lawder WASHINGTON (Reuters) – The U.S. House of Representatives on Thursday voted to pass a multi-year transportation funding bill that also would revive the idled Export-Import Bank, but final provisions are subject to negotiations with the Senate. The overwhelming 363-64 vote handed new House Speaker Paul Ryan his first legislative victory. Its passage takes EXIM, idled since the trade bank's charter expired on June 30, a major step closer to being put back in business offering loans and guarantees to support U.S. exports.

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U.S. House approves transportation bill with trade bank renewal