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Heritage Action criticized Rep. Chris Collins (R-N.Y.) on Monday for his company’s benefiting from the Export Import Bank, saying it is an example of “Washington working for itself.”
Collins’ is a co-founder and serves on the board of directors for Audubon Machinery Corporation, which reported a combined capital guarantee and trade insurance worth $8.33 million between 2007 and 2014, according to Ex-Im records.
Collins has been circulating a letter among his colleagues urging House GOP leadership to reauthorize Ex-Im, which expires in September. The letter is endorsed by The U.S. Chamber of Commerce and the National Association of Manufacturers.
Collins reported $1 million and $5 million in year-end value of owned Audubon stock in financial disclosures filed in April 2013.
Despite torrents of opposition to the Ex-Im slush fund for corporate welfare, the U.S. Chamber of Commerce is sticking to its guns. Last week, it released a series of “facts” to promote reauthorization of its charter this fall.
During a Senate Judiciary Committee hearing entitled “Examining a Constitutional Amendment to Restore Democracy to the American People,” Tuesday, Sen. Ted Cruz (R-TX)Heritage ActionScorecardSen. Ted CruzSenate Republican Average95% delivered a passionate defense of the First Amendment and free speech — which is why he so adamantly opposes the amendment in question.