Momentum builds for reviving Export-Import Bank

Supporters, with tacit encouragement from former House Speaker John Boehner, a Republican, finally mounted a petition drive to force a vote, and the measure sailed through the House last week by a 313-118 vote — with a majority of Republicans controlling the chamber voting in favor.

The bank helps finance sales of U.S. exports to foreign customers through a variety of steps, including loan guarantees, direct loans and credit insurance.

Much of the bank's financing benefits large corporation such as The Boeing Company, General Electric, and Caterpillar Inc. Republican-friendly business groups like the U.S. Chamber of Commerce and the National Association of Manufacturers have stressed the role the bank plays in helping small businesses.