Nine-Month Extension for Export-Import Bank
Congress voted to fund the Export-Import (“Ex-Im”) Bank until June 30, 2015. The bank’s charter, which had been due to expire at the end of September, received a short-term extension that was included in a stop-gap spending measure – the Continuing Appropriations Resolution (H.J. Res 124) – to keep the government open until after the mid-term elections. The 80-year-old institution has been the subject of vigorous debate, receiving support from the White House and Democrats, but with the Republicans divided on their position of the bank. Rep. Jeb Hensarling (R-TX), chairman of the House Financial Services Committee, which has jurisdiction over the bank, does not support reauthorization. Financial Services Committee Ranking Member Rep. Maxine Waters (D-CA) and fellow committee member Rep. Gary Miller (R-CA) released this month draft bipartisan legislation that would extend the bank’s charter for five years and make other reforms. No further action is anticipated on the proposed bill this year. Whether additional changes will be made to the bank, and how long its charter will be extended, are issues that will be decided by the new Congress.
The Ex-Im Bank offers loans, guarantees and insurance directly to foreign buyers of U.S. goods and services. Created in 1934 and established as an independent agency in 1945, reauthorization of the Ex-Im has been approved 16 times by Congress. For more information on the Waters-Miller draft bill, click here.
DOJ’s Jeanne E. Davidson Nominated to Serve as CIT Judge
President Barack Obama has nominated Jeanne E. Davidson to serve on the U.S. Court of International Trade. In a press release, the President stated, “Ms. Davidson has a long and distinguished record of service, and I am confident she will serve on the federal bench with distinction.” The Senate Committee on the Judiciary considered Davidson’s nomination in a hearing on September 17.
Davidson is currently the director of the Offices of Foreign Litigation and International Legal Assistance and the International Trade Field Office in the Civil Division of the Justice Department (DOJ). Prior to these roles, Davidson was the director of the DOJ’s National Courts Section in the Commercial Litigation Branch from 2007 to 2013. Davidson has also served as associate general counsel in the Office of the U.S. Trade Representative and was an associate at Steptoe & Johnson LLP. She is the standing President of the Federal Circuit Bar Association.
A native of the state of California, she received her undergraduate degree from the University of California at Berkeley and her law degree from the New York University School of Law.