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Banking & Financial Services Legislative Alerts
By Steven Russell The Export-Import Bank is “little more than a fund for corporate welfare” said then-Senator Barack Obama on the campaign trail in 2008. And yet, President Obama decided to re-charter the Export-Import Bank of the United States in 2012, signing a bill would raise the bank’s lending limit to $140 billion by 2014. [...]
By: Steven Russell Two weeks ago, members in the House of Representatives submitted a bill to end the government-sponsored Export-Import Bank of the United States, which provides around $10 to $20 billion in subsidies to American exporters a year. Supporters of the bank oppose the bill on the grounds that the bank is self-financing, creates [...]
The Senate’s recent actions on the 2013 Farm Bill speak to Washington’s complete lack of seriousness in getting spending under control.
By: Griffin Adams Appropriation discussions for the 2014 fiscal year are in full swing in Washington, providing Congress with a natural opportunity to re-evaluate where federal dollars are going. As part of this process, Congress should consider shutting down costly federal agencies. One of the first that should be on the chopping block is the [...]
Food programs and farm programs should be considered separately, not rolled together in one massive package of legislation.