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Jobs Bill Hits Speed Bump

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  • Description

    FBN's Rich Edson on what's holding the jobs bill up.

  • Duration 2:00
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Own life believe it or not a small agency that helps the -- exports is.

It's -- his jobs bill the bipartisan jobs bill to hit a snag in the senate Democrats and Republicans fighting over its future now.

So how does this impact the long awaited jobs build -- dozens covering the story from down in DC.

The White House supports the bill the Republican House passed said it was a -- rich.

Well on the bill itself the SEC chairman takes an issue with easing some of the capital formation rules and on top of that.

And effort in the senate to extend and expand the import.

Export bank export import bank it provides.

Government financing to companies outside the US to buy American made goods Democrats and Republicans in the senate want to attach a proposal to this jobs bill that would increase the bank's authority -- in their strong disagreement in congress.

Over whether to do that -- com.

Bank walk why would you be opposed to -- -- who's opposed number one and and why would you be opposed to a bank like this.

Well there are a handful of Republicans who were opposed and did some free market folks they see it violates free market principles opponents call it taxpayer backed corporate welfare pitting US companies against one another.

While the federal government take sides.

-- kind of destructive as it did distorts the market.

And there was one of big best examples is that delta is losing out to air India that who received.

Alone.

From XM bank to buy Boeing airplanes so it's really pitting the US companies against each other.

When it comes to airlines banks is it help fund more than 16100.

Airplane sales in the past 25 years while collecting two point seven billion dollars in fees for taxpayers.

The bank says it currently has about ninety billion dollars committed the law says.

It can -- no more than 100 billion dollars supporters want to increase that 240 million dollars.

Critics want to eliminate the bank in the senate will argue this all out.

Next week dollar and fluids are not rich rich -- in there DC but.

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