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

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