Senate committee should reconsider Garrett to head bank
Dec. 19, 2017, Fairfax, Va.—Americans for Limited Government President Rick Manning today in a statement called on President Donald Trump to withdraw board nominees to the Ex-Im Bank in response to the Senate Banking Committee holding up the nomination of former U.S. Rep. Scott Garrett (R-N.J.) to head the bank:
“The Senate Banking Committee’s decision to not move forward former Rep. Scott Garrett’s nomination to head the Ex-Im Bank is a major disappointment. The ultimate corporate cronyism is when big corporations like Boeing succeed in defeating the President’s choice to run a bank that they are the major beneficiary of. The truth is the Ex-Im Bank has not been fully functional due to a lack of quorum on their governing board for two years and in response President Trump should immediately withdraw the other Ex-Im Bank board nominations that would provide a quorum in the absence of someone to lead the bank. The U.S. economy has been thriving this year without the Ex-Im Bank’s ability to make large loans, including X trillion of exports despite little money from the bank.”
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