30 Organizations Tell Lawmakers: Let the Export-Import Bank Expire
Arlington, VA – Today Americans for Prosperity and a broad coalition of organizations are releasing a letter to Congress urging lawmakers to oppose reauthorizing the Export-Import bank, which subsidizes loans to foreign companies to encourage them to buy American exports. The letter asks members to let the bank expire this year when it comes up for reauthorization. The coalition letter is the first round of what will be a months-long effort. More details will be announced at a Monday press conference with coalition members.
AFP Director of Federal Affairs Brent Gardner said, “The Ex-Im bank is little more than a corporate welfare scheme that benefits politically connected corporate giants at the expense of others. It distorts the market place, costs the American economy jobs, and puts taxpayers on the hook for multi-billion dollar bailouts when things go wrong. It’s time to break this bank and level the playing field for all American businesses.”
In addition to the letter to Congress, AFP is also hosting a press conference to announce specific opposition effort details.
WHAT: Press Conference With Coalition to End Export Import Bank
WHEN: Monday, May 5th. 12:30-1:30PM
WHERE: Rayburn House Office Building, Room B339, 45 Independence Ave SW.
The press conference is open to the media and all congressional and federal agency staff. Light refreshments will be provided.
For more information about the Export-Import Bank you can visit our “Need to Know” page HERE.