In This Issue:

- Debate Swirls As Deadline Approaches For Export-Import Bank Reauthorization

- House Approves Bill to Make R&D Tax Credit Permanent

- China Issues New Policy to Boost Foreign Trade

- U.S. Trade Representative Recognizes Export Success Of Atlas Devices

- Electrical Steel Investigations Advance

- News Of Note:

•State Department Increases Emphasis On International Commerce

•USTR Issues Special 301 Report On Intellectual Property Rights

•Rhonda Schmidtlein Sworn In As ITC Commissioner

- Excerpt from Debate Swirls As Deadline Approaches For Export-Import Bank Reauthorization:

Opponents, primarily conservative Republicans, are challenging the potential reauthorization of the Export-Import Bank of the United States (Ex-Im Bank). Chairman Jeb Hensarling (R-TX) of the House Financial Services Committee used a speech at the Heritage Foundation on May 20 to argue against re-authorization of the Ex-Im Bank, calling it "corporate cronyism" and describing it as an element of the "Washington insider economy." Hensarling's committee has jurisdiction over the Ex-Im Bank, and the Bank's charter will expire if it is not renewed by September 30.