From Politico Pro:

Senate Banking Chairman Richard Shelby said today he’d prefer to let the Export-Import bank lapse rather than advance a measure to reauthorize the export credit agency.
“I don’t see any crying-out need for a markup,” Shelby said to reporters today. “After two days of hearings, it exacerbated some of my concerns.”
When asked whether he would like to see Ex-Im’s charter expire at the end of the month, the Alabama Republican said: “I think that would be the best thing.”
“It’s a very controversial issue, there’s a lot of lobbying going on,” Shelby said. “But at the end of the day, if it expires, we really won’t miss it.”
Shelby also reiterated that he also would not mark up legislation introduced by Sens. Mark Kirk and Heidi Heitkamp to reauthorize the bill.

The senator is right: The sky will not fall if the Ex-Im Bank is not reauthorized and, with one small exception, there are no real reforms in Mark Kirk and Heidi Heitkamp’s so-called reform bill. It’s very encouraging to see that, as lawmakers learn more about the Ex-Im Bank, they see it for what it is: corporate welfare for some of America’s biggest companies.

I testified before Senator Shelby’s committee last week. The Senate Banking Committee is also where the exchange between Senator Cotton and Fred Hochberg, the president of Ex-Im — in which Hochberg alleged Cotton was incorrectly citing figures about Ex-Im (he wasn’t) – took place last Thursday.