Key Vote Alert – “NO” on Hochberg Re-Nomination to Ex-Im Bank



“NO” on Hochberg Re-Nomination to Ex-Im Bank

The Club for Growth is urging all Senators to oppose the re-nomination of Fred Hochberg as chairman and president of the Export-Import Bank. This vote, which could include procedural votes, will be included in the Club’s 2013 Congressional Scorecard.

In 2008, when President Obama was a Senator, he called the Bank “little more than a fund for corporate welfare.” Nothing has changed since then. In fact, the Bank has only gotten larger – in 2012, it received a 40% increase in its financing authority. This means its ability to distort the free market by handing out huge discounted loans and loan guarantees to special interests has only grown in size.

Conservatives should oppose Hochberg’s nomination until a real plan is implemented for reducing the Bank’s authority with the ultimate goal of ending its charter completely.

Our Congressional Scorecard for the 113th Congress provides a comprehensive rating of how well or how poorly each member of Congress supports pro-growth, free-market policies and will be distributed to our members and to the public.