President Trump has tapped Jeffrey Gerrish to be acting president of the Export-Import Bank.
Gerrish, who recently joined the Trump administration, will maintain his role at the Office of the U.S. Trade Representative (USTR) while taking the helm of the 84-year-old agency.
The White House didn’t provide information on when Gerrish would start at Ex-Im.
The agency has been without a quorum since late 2015. Without a quorum, the bank can’t approve loans of more than $10 million.
Trump’s first pick to helm the agency — former Republican Rep. Scott Garrett (N.J.) — failed to get through the Senate Banking Committee.
Prior to joining USTR, Gerrish practiced international trade law for nearly 20 years at Skadden, Arps, Slate, Meagher and Flom.