Search Results for: Export-import bank

The Export-Import Bank has long been the poster child for government cronyism and corporate welfare. Proponents of the Bank argue its support for preferred industries, in the form of taxpayer-backed financing, promote exports abroad, create jobs at home, and enhance the United States’ competitiveness. But virtually none of the Bank’s supposed objectives materialize from this […]

Arlington, Va.—  On Friday, the U.S. House of Representatives will vote on H.R. 4863, the Export Finance Agency Act of 2019. This bill would reauthorize the Export-Import (Ex-Im) Bank for ten years, forcing American taxpayers to continue financing some of the world’s most successful companies at the expense of critical national priorities. Americans for Prosperity […]

Arlington, Va. – Americans for Prosperity issued a key vote alert on Friday, urging members of Congress to vote NO on the passage of the Export Finance Agency Act of 2019. This bill would reauthorize the Export-Import Bank, re-opening the door to cronyism and corruption, and forcing taxpayers to subsidize some of the most successful […]

Days ago, Congress had the chance to let the Export-Import Bank’s authorization expire and put an end the corrupt government agency. Unfortunately, lawmakers instead extended the Bank’s authorization through the end of November. But Congress should keep one thing in mind, as November nears: America doesn’t need the Export-Import Bank. There are many problems with […]

The Export-Import Bank’s charter is expiring on Sept. 30. Lawmakers on both sides of the aisle seem intent on renewing it when the vote comes up in Congress.   They shouldn’t, though. The Ex-Im Bank is one of America’s largest corporate welfare programs. It’s a huge source of corruption and cronyism, which operates by taking your money […]

Grassroots group makes the case against reauthorization as Sept. 30 deadline nears. Arlington, Va. – Americans for Prosperity (AFP) released a new report today detailing the culture of cronyism and corporate welfare that is propped up by the decades-old Export-Import (Ex-Im) Bank. The report, authored by AFP Federal Policy Analyst Michael Lambert, finds that “despite the naked […]

Proponents of the Export-Import Bank claim that the bank’s issuance of loans and guarantees to large companies is essential to international competitiveness and a thriving American economy. According to a new study from the Mercatus Center, that claim isn’t true. The bank has shrunk — for the better While the Senate confirmed new directors — which are necessary to approve massive loans — to the Ex-Im Board this month, the bank has […]

Grassroots organization urges Congress to shut down taxpayer handouts, Export-Import Bank Arlington, VA – Americans for Prosperity (AFP), the nation’s leading grassroots organization committed to building a stronger economy that works for everyone, reacted to news that Rep. Maxine Waters (D-Ca.), Chair of the House Financial Services Committee, and ranking member Rep. Patrick McHenry (R-N.C.) […]

AFP-MN Joins National Campaign to “Unrig the Economy” ST. PAUL, MN—Americans for Prosperity-Minnesota (AFP-MN) today highlighted its role as part of an integrated campaign to create a strong economy by leveling the playing field for all. The campaign, “Unrig the Economy,” is a multi-year, multi-million-dollar national effort that will harness the power of AFP’s grassroots […]