U.S. Rep. Bill Huizenga
“This is more evidence that we’re beyond broken here at the Export-Import Bank,” said Rep. Bill Huizenga (R-Mich.), a longtime critic of the institution. “At this point, [NewSat] appears to be handing you a $100 million loss.”

To no one’s surprise, congressional critics of the U.S. Export-Import Bank have seized on the opportunity afforded by the bankruptcy of startup Australian satellite operator NewSat to hammer the institution, which faces a July 1 shutdown unless lawmakers act to keep it open.

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