Group Letter to Congress Opposing Export-Import Bank
by Andrew Clark. President, Generation Opportunity: The "Lame Duck" season is well under way and the Obama Administration is trying to deliver one more blow before leaving the White House this January.
The Export-Import (Ex-Im) Bank is a corporate-welfare machine that gives taxpayer-backed loans to private companies.
If the Administration gets its way, Congress will include language in the upcoming continuing resolution bill. The provision would resuscitate the Export-Import Bank – allowing the Ex-Im Bank to give huge loans to big businesses that don’t need to be subsidized by hardworking taxpayers.
This is corporate welfare at its finest and it must be stopped. Back inn September, Generation Opportunity joined with almost 40 other free market groups that are committed to sending a message to our congressional leaders: the American people have had enough of cronyism in Washington.
Senate Majority Leader McConnell and House Speaker Ryan should stand on the side of the American taxpayer, not big business, and oppose any effort to enhance the Ex-Im bank.
Please read our coalition’s letter below and join with us in the fight to end cronyism by contacting your two U.S. Senators and Congressional Representative.Dear Senate Majority Leader McConnell and House Speaker Ryan:
On behalf of our groups and organizations, together representing millions of Americans, we urge you to oppose efforts to ease the quorum requirement for the Export Import Bank on upcoming spending legislation.
We have significant concerns on the procedure. Attaching this quorum change to a continuing resolution is the latest in a line of efforts that subvert Congressional processes. This provision would subvert the Senate approval process for board members of the Export-Import Bank and set a concerning precedent for future accountability.
We also have concerns on the merits of the policy. This provision would allow the bank to make larger loans with even less oversight–and it would be attached to unrelated legislation providing funds for the government after September 30. This would make it easier for the agency to make risky, taxpayer-backed loans to big businesses and foreign corporations.
American taxpayers and small businesses deserve better than this. We encourage you to oppose efforts to attach a provision to ease the quorum requirement for the Export Import Bank on upcoming spending legislation.
Sincerely,
Brent Gardner, Vice President of Government Affairs
Americans for Prosperity
Mark Holden, Chairman
Freedom Partners Chamber of Commerce
Michael A. Needham, CEO
Heritage Action for America
Jim Martin, Chairman
60 Plus Association
Melissa Ortiz, Founder & Principal
Able Americans
Phil Kerpen, President
American Commitment
Thomas J. Pyle, President
American Energy Alliance
Coley Jackson, President
Americans for Competitive Enterprise
Peter J. Thomas, Chairman
Americans for Constitutional Liberty
Norm Singleton, President
Campaign For Liberty
Andrew F. Quinlan, President
Center for Freedom and Prosperity
Jeffrey Mazzella, President
Center for Individual Freedom
Jim Backlin, Vice President for Legislative Affairs
Christian Coalition for America
David McIntosh , President
Club for Growth
Michael J. Bowen, CEO
Coalition For a Strong America
Stephani Scruggs, COO
Coalition For a Strong America
Iain Murray, Vice President for Strategy
Competitive Enterprise Institute
Dan Caldwell, Vice President for Legislative and Political Action
Concerned Veterans for America
Tom Schatz, President
Council for Citizens Against Government Waste
Adam Brandon, President and CEO
FreedomWorks
Andrew Clark, President
Generation Opportunity
Andresen Blom, Executive Director
Grassroot Hawaii Action, Inc.
Carrie Lukas, Managing Director
Independent Women’s Forum
Heather Higgens, President and CEO
Independent Women’s Voice
Andrew Langer, President
Institute for Liberty
Seton Motley, President
Less Government
Mat Staver, Esq., Founder and Chairman
Liberty Counsel
Amy Ridenour, Chairman
National Center for Public Policy Research
Willes K. Lee, President
National Federation of Republican Assemblies
Pete Sepp, President
National Taxpayers Union
Andrew Moylan, Executive Director and Senior Fellow
R Street Institute
William Whipple III, President
Secure America’s Future Economy
Stephen Ellis, Vice President
Taxpayers for Common Sense
David Williams, President
Taxpayers Protection Alliance
Judson Phillips, Founder
Tea Party Nation
Daniel Garza, Executive Director
The LIBRE Initiative
Carl Bearden, Executive Director
United for Missouri
Tags: Generation Opportunity, group letter to Congress, Congress, opposing, Export-Import Bank, To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. and "Like" Facebook Page - Thanks!
The Export-Import (Ex-Im) Bank is a corporate-welfare machine that gives taxpayer-backed loans to private companies.
If the Administration gets its way, Congress will include language in the upcoming continuing resolution bill. The provision would resuscitate the Export-Import Bank – allowing the Ex-Im Bank to give huge loans to big businesses that don’t need to be subsidized by hardworking taxpayers.
This is corporate welfare at its finest and it must be stopped. Back inn September, Generation Opportunity joined with almost 40 other free market groups that are committed to sending a message to our congressional leaders: the American people have had enough of cronyism in Washington.
Senate Majority Leader McConnell and House Speaker Ryan should stand on the side of the American taxpayer, not big business, and oppose any effort to enhance the Ex-Im bank.
Please read our coalition’s letter below and join with us in the fight to end cronyism by contacting your two U.S. Senators and Congressional Representative.
On behalf of our groups and organizations, together representing millions of Americans, we urge you to oppose efforts to ease the quorum requirement for the Export Import Bank on upcoming spending legislation.
We have significant concerns on the procedure. Attaching this quorum change to a continuing resolution is the latest in a line of efforts that subvert Congressional processes. This provision would subvert the Senate approval process for board members of the Export-Import Bank and set a concerning precedent for future accountability.
We also have concerns on the merits of the policy. This provision would allow the bank to make larger loans with even less oversight–and it would be attached to unrelated legislation providing funds for the government after September 30. This would make it easier for the agency to make risky, taxpayer-backed loans to big businesses and foreign corporations.
American taxpayers and small businesses deserve better than this. We encourage you to oppose efforts to attach a provision to ease the quorum requirement for the Export Import Bank on upcoming spending legislation.
Sincerely,
Brent Gardner, Vice President of Government Affairs
Americans for Prosperity
Mark Holden, Chairman
Freedom Partners Chamber of Commerce
Michael A. Needham, CEO
Heritage Action for America
Jim Martin, Chairman
60 Plus Association
Melissa Ortiz, Founder & Principal
Able Americans
Phil Kerpen, President
American Commitment
Thomas J. Pyle, President
American Energy Alliance
Coley Jackson, President
Americans for Competitive Enterprise
Peter J. Thomas, Chairman
Americans for Constitutional Liberty
Norm Singleton, President
Campaign For Liberty
Andrew F. Quinlan, President
Center for Freedom and Prosperity
Jeffrey Mazzella, President
Center for Individual Freedom
Jim Backlin, Vice President for Legislative Affairs
Christian Coalition for America
David McIntosh , President
Club for Growth
Michael J. Bowen, CEO
Coalition For a Strong America
Stephani Scruggs, COO
Coalition For a Strong America
Iain Murray, Vice President for Strategy
Competitive Enterprise Institute
Dan Caldwell, Vice President for Legislative and Political Action
Concerned Veterans for America
Tom Schatz, President
Council for Citizens Against Government Waste
Adam Brandon, President and CEO
FreedomWorks
Andrew Clark, President
Generation Opportunity
Andresen Blom, Executive Director
Grassroot Hawaii Action, Inc.
Carrie Lukas, Managing Director
Independent Women’s Forum
Heather Higgens, President and CEO
Independent Women’s Voice
Andrew Langer, President
Institute for Liberty
Seton Motley, President
Less Government
Mat Staver, Esq., Founder and Chairman
Liberty Counsel
Amy Ridenour, Chairman
National Center for Public Policy Research
Willes K. Lee, President
National Federation of Republican Assemblies
Pete Sepp, President
National Taxpayers Union
Andrew Moylan, Executive Director and Senior Fellow
R Street Institute
William Whipple III, President
Secure America’s Future Economy
Stephen Ellis, Vice President
Taxpayers for Common Sense
David Williams, President
Taxpayers Protection Alliance
Judson Phillips, Founder
Tea Party Nation
Daniel Garza, Executive Director
The LIBRE Initiative
Carl Bearden, Executive Director
United for Missouri
Tags: Generation Opportunity, group letter to Congress, Congress, opposing, Export-Import Bank, To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. and "Like" Facebook Page - Thanks!
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