Senators will introduce legislation on Wednesday to reauthorise funding for the US Export-Import Bank for the next decade, as lawmakers try to inject an extra $70bn into an agency that plays an increasingly central role in shoring up energy and minerals projects.
Kevin Cramer, the Republican senator from North Dakota who is co-sponsoring the reauthorisation legislation with Democrat Mark Warner, told the FT that Donald Trump was “all in” on funding the Ex-Im Bank, adding the US president “sees the value” of the institution.
Cramer said he would advocate for Ex-Im’s lending cap to be lifted from $135bn to $205bn as part of the reauthorisation package.
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