(Laren Wilk – National Association of Manufacturers)
The U.S. Export-Import (Ex-Im) Bank has operated for decades with a mission to support U.S. jobs through exports. Back in April, President Donald Trump confirmed his support for the export credit agency. In 2015, a bipartisan supermajority in Congress voted to reauthorize the agency through 2019. Who would want to stand in opposition to this small federal agency with an outsized, tangible benefit for the U.S. economy? Unfortunately, the former Congressman who has been nominated to lead the agency is just that person. Former New Jersey Rep. Scott Garrett, the nominee to lead the Ex-Im Bank, has been a vocal and dogged opponent of the Ex-Im Bank.
NAM President and CEO Jay Timmons, in an Op-Ed published today in the Wall Street Journal, outlined the negative impact for manufacturers if the Senate moves to confirm Mr. Garrett as the leader of the Ex-Im Bank.
As a Congressman, Mr. Garrett built a record of votes and statements that sought to dismantle the Ex-Im Bank. Mr. Garrett voted to close the agency at every opportunity. He voted against a reauthorization bill in October 2015 that passed the House with overwhelming bipartisan support. Before the vote, he took to the House floor to mischaracterize the agency as a “fund for corporate welfare” and urge his colleagues to “keep the Export-Import Bank out of business.” Click here to read more.