Washington, DC – The Club for Growth commented on today’s joint House committee hearing on the Export-Import Bank:
“One after another House Republicans exposed the hazards caused by the taxpayer-supported Export-Import Bank,” said Club for Growth President David McIntosh. “Widespread corruption, fraud, missing data, corporate welfare, and a federal agency competing against the private sector were all on the table today on Capitol Hill. Congressman Jim Jordan (OH) and Congressman Bill Huizenga (MI) deserve credit for chairing this joint hearing, which also exposed the fact that future indictments are possible in at least 31 open fraud investigations involving Ex-Im. As Chairman Jordan said, ‘This is an easy call. This Bank is corrupt and it should be eliminated.’ The Club for Growth agrees and continues to urge Members of Congress to not reauthorize the Export-Import Bank.”
The Club for Growth is the nation’s leading group promoting economic freedom through legislative involvement, issue advocacy, research, and education.