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With the bank's legal authorization expiring soon, the groups appealed to Republicans up to the last minute on Wednesday, saying they had a rare opportunity to kill a government institution.
The 330-to-93 vote is expected to propel the bill to final passage before May 31, when the bank's statutory lending authority and its authorization expire.
"When the new authorization expires three years from now... the next president can rightly say, 'I'm going to rely on the 2001 authorization just as Obama did.
"The reality is that without a sunset on the old authorization, it doesn't limit this administration or the next in any appreciable manner," said Rep. Adam Schiff (D-Calif .. "When the new authorization expires three years from now... the next presiD-Calif .rightly say, 'I'm going to rely on the 2001 authorization just as Obama did.
That authorization expires Dec. 31.
authorization expires, you are dead".
The new authorization expires in December 2002.
The current court authorization expires on 11 December.
The F.A.A.'s authorization expired on July 23rd and hasn't been renewed.
PCORI's authorization expires in 2019, and it is unclear if it will survive.
Its federal authorization expires Sept. 30, and it is more than $24 billion in debt.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com