At least two business groups are applauding the U.S. Senate for approving an amendment Tuesday reauthorizing the charter of the Export-Import Bank, even through the measure isn't likely to clear the U.S. House of Representatives anytime soon.

The addition of the amendment to the highway funding bill was a small victory for business groups that have been pushing lawmakers to reauthorize the Ex-Im Bank, whose charter expired in July. Organizations like the U.S. Chamber of Commerce say the bank is needed so the U.S. exports stay even with their foreign competition. However, many conservatives argue the bank represents the worst kind of corporate welfare.

Among the Ex-Im Bank's supporters is Financial Services Roundtable, which issued a statement before the vote reiterating its belief that the Ex-Im Bank levels the playing field for U.S. exporters.

"The Ex-Im Bank plays an important role in encouraging private financing for projects that fuel the American economy and job growth," FSR Executive Director Eric Hoplin said. "Congress should continue to find a path for moving forward its renewal and keep Americans working."

Also singing the Senate's praises was Bruce Josten, executive vice president for government affairs at the Chamber, who noted the measure passed with bipartisan support.

"It is now time for the U.S. House of Representatives to take the final step toward reauthorization and eliminate risking hundreds of thousands of American jobs and the livelihood of our small- and medium-size businesses," Josten said.

That isn't likely to happen. The House leadership has said the Senate's highway funding bill is dead on arrival, and the House plans to wrap up business and leave for summer recess Wednesday.

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