The Archive · 1940

Bank Bill Passed

$500,000,000 Measure Now Sent to President for Final Approval Washington, Sept. 21.

The Senate yesterday accepted the final version of the U.S. $50,000,000 Export-Import Bank Bill and sent the easure to President Roosevelt for signature.

The Senate voted 33 to 21 to increase the lending power of the Reconstruction Finance Corporation by 500,000,000, of which $500,000,000 will be allocated to the Export-Import suk. The remainder of the R.F.C. lending fund will be available to finance plan expansion in the nation's rearmament drive.—United Press.

Text read from the printed page and cleaned; old type leaves the occasional error.

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