- The Washington Times - Thursday, July 24, 2014

Facing a rapidly approaching deadline to obtain vital new funding, the U.S. Export-Import Bank will face a second grilling on Capitol Hill this summer, this time for allegations of corruption.

The House Committee on Oversight and Government Reform’s website said Thursday the hearing will be held July 29.

The Ex-Im Bank, which underwrites export deals from American companies to foreign buyers, has become a flashpoint for Republicans in the past few weeks. Tea party conservatives and party moderates are divided over whether to extend the bank’s charter past its Sept. 30 expiration date.

A previous daylong committee hearing featured committee Chairman Jeb Hensarling, Texas Republican, calling the bank “crony capitalism.” Mr. Hensarling also questioned Ex-Im Bank Chairman Fred Hochberg about potential corruption allegations in the June 25 hearing.

“The allegations of kickbacks and corruption at the Export-Import Bank are as disturbing as they are serious,” Rep. Hensarling said in a statement.