Andrew Roth - May 07th, 2014
KEY VOTE ALERT
“NO” on OPIC Reauthorization (HR 2548)
The Club for Growth urges all House members to vote “NO” on the Electrify Africa Act (HR 2548) which includes reauthorization of the Overseas Private Investment Corporation (OPIC). A vote is expected later today. The vote on final passage, and/or any procedural votes, will be included in the Club’s 2014 Congressional Scorecard.
OPIC is the lesser known cousin of the Export-Import Bank. It’s a government agency that puts taxpayers on the hook through loans, loan guarantees, and insurance policies to private companies and projects. It is yet another example of the government picking winners and losers in the private sector. The House should deny reauthorization of OPIC and terminate its charter immediately.
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