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Senate panel backs Hochberg for second term at U.S. Ex-Im Bank

President of the U.S. Export-Import Bank Fred Hochberg speaks during an interview with Reuters in Nigeria's capital Abuja October 19, 2011.
President of the U.S. Export-Import Bank Fred Hochberg speaks during an interview with Reuters in Nigeria's capital Abuja October 19, 2011.

WASHINGTON (Reuters) - The Senate Banking Committee on Thursday voted 20-2 in favor of the nomination of Fred Hochberg to serve a second term as president of the U.S. Export-Import Bank, which provides financial assistance to support U.S. exports.

"Today's bipartisan vote is a testament to Fred's dedication and record of success, and I hope the Senate will move quickly to confirm him for another term," Banking Committee Chairman Tim Johnson, a South Dakota Democrat, said in a statement.

(Reporting by Doug Palmer; Editing by Sandra Maler)

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