Congress has approved a three-year reauthorization for the U.S. Export-Import Bank, boosting the total financial assistance the bank can provide to U.S. companies, including construction contractors and equipment makers.

Final congressional action came on May 15, when the Senate passed the measure by a strong 78-20 vote after turning back five Republican-sponsored amendments that would have put restrictions on Ex-Im's assistance. The measure had cleared the House on May 9.