Club for Growth Calls for No Export-Import Bank Lifeline on Funding Bill

“This is cronyism working behind the backs of the American people to protect more cronyism.”

 

Washington, DC – Club for Growth president David McIntosh released the following statement in response to reports that some Members of Congress want to attach language to a must-pass government funding bill that would give the Obama Administration a larger role in approving deals made by the Export-Import Bank:

 

“This is cronyism working behind the backs of the American people to protect more cronyism,” said Club for Growth president David McIntosh. “It’s no secret that the Export-Import Bank is simply Washington bureaucrats providing favors for a handful of big corporations. And, when Washington insiders don’t like the rules they’re forced to live by – including rules that limit how much Ex-Im can put taxpayers on the hook for – they change the rules. Congress should not be a party to any effort to use the insider game of attaching language to a Continuing Resolution (CR) funding bill in order to create those new rules that give more power to the Obama Administration. As Chairman of the Senate Banking Committee, Senator Richard Shelby (AL) has blocked previous attempts at throwing Ex-Im a lifeline, but he’s facing opposition from both sides of the aisle. The CR process is almost always a mess, with Members of Congress habitually looking to load up the bill with their pet projects. House Speaker Paul Ryan needs to hold the line. He’s opposed the Export-Import Bank before and he should make it clear that there will be no Ex-Im riders on the CR.”

 

 

The Club for Growth is the nation’s leading group promoting economic freedom through legislative involvement, issue advocacy, research, and education.