Club for Growth opposes the United States Export Finance Agency Act of 2019, H.R. 4863, and urges all Representatives to vote no. The legislation is expected to be considered soon in the House of Representatives. The results of the vote will be included in the Club for Growth Foundation’s 2019 Congressional Scorecard.
Even Democrats know the Export-Import Bank stinks and reeks of cronyism, corruption and corporate welfare. That’s why they’re trying to rename the agency to the “United States Export Finance Agency” in this legislation. But make no mistake, regardless of what you call it, the agency exposes the taxpayer to risks and interferes with the free market.
The legislation reauthorizes Ex-Im for 10 years. Club for Growth also opposes a “clean” reauthorization of any length of Ex-Im because we believe Congress should permanently terminate all trade-distorting export subsidy programs. Free trade is about economic freedom and limited government. People should have the right to buy and sell from whomever they please, without the interference of government.
Club for Growth Foundation’s Congressional Scorecard for the 116th 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 the public.