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The House voted Tuesday to revive the Export-Import Bank with the support of moderate Republicans in a major setback for conservatives who wanted to kill an institution they say epitomizes corporate welfare.

The 313 to 118 vote sends the legislation to the Senate, where supporters are attempting to craft a plan to bring an Ex-Im bill to President Barack Obama's desk.

Senate Majority Leader Mitch McConnell has said he won't take up a standalone bill, although he has allowed the agency's renewal to be attached to other must-pass legislation. While a bill identical to the one that cleared the House also passed the Senate, it was attached to that chamber's long-term highway bill. If the House passes its own long-term highway bill next week, as expected, supporters expect that will serve as the vehicle for a conference bill that could include Ex-Im's renewal.

The agency, which promotes exports by U.S. companies, expired this summer after conservatives denounced it as an expensive giveaway to special interests. Supporters say its loan guarantees support more than 160,000 U.S. jobs.

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