Washington - Tonight at midnight, the charter for the U.S. Export-Import Bank will expire for the first time in the bank's 81-year history. By law, the bank should begin the process of liquidating its assets Wednesday morning. Heritage Action released the following statement from chief executive officer Michael A. Needham:
"Change doesn't come fast or easy in Washington, but over the past three years conservatives created the conditions that caused the Export-Import Bank to expire and enter liquidation. Now it is up to Republican leaders to accept and preserve this major policy victory."