Washington, DC – The Club for Growth today released the following statement after Senator Richard Shelby (AL), Chairman of the Senate Banking Committee, announced his opposition to reauthorization of the Export-Import Bank:
“Chairman Shelby is exactly right that ‘we really won’t miss’ the Export-Import Bank when its charter expires,” said Club for Growth President David McIntosh. “As the American people learn about Ex-Im’s corruption and corporate welfare, the tide continues to turn against reauthorization.
“With the Senate Banking Chair and the House Financial Services Chair committed to not moving an Ex-Im reauthorization bill, this matter should be closed. The Club urges Senator McConnell and Speaker Boehner to be on the right side of this issue and to agree to not attach an Ex-Im bill to other legislation that Congress is considering. The Senate needs to follow regular order and not take up Ex-Im legislation that is not put forth by the Banking Committee. ”
The Club for Growth is the nation’s leading group promoting economic freedom through legislative involvement, issue advocacy, research, and education.