“NO” on McConnell Amendment to Save the Export-Import Bank

On Sunday, the Senate will vote on an amendment to the Developing a Reliable and Innovative Vision for the Economy (DRIVE) Act (H.R. 22).  The amendment, offered by Senate Majority Leader Mitch McConnell (R-KY) 42%, would resurrect the now-expired Export-Import Bank.  Earlier this week, the bank’s largest customer, Boeing, said “There are multiple commercial credit sources available today” and the absence of the bank “doesn’t create risk” for the company.

Heritage Action opposes the McConnell Amendment and will include it as a key vote on our legislative scorecard.

Related:
Heritage Action’s Scorecard
WSJ: Ex-Im works against U.S. interests abroad
Real Clear Politics: Ex-Im: Welfare for Commodity Traders and China
Cincinnati Enquirer: Ex-Im Bank not essential to GE Aviation jobs
Reuters: Emirates airline says Ex-Im Bank not critical for its plane financing
Real Clear Markets: Ex-Im doesn’t create jobs in America
Mercatus: The Biggest Beneficiaries of the Ex-Im Bank
Mercatus: The Export-Import Bank’s Top Foreign Buyers
Wall Street Journal: Boeing: We could find alternative funding sources
Heritage: Companies have massive backorders, won’t shed jobs when Ex-Im expires
Examiner: Ex-Im is “free money” for big banks
Wall Street Journal: Ex-Im works against U.S. interests abroad
Reuters: Massive corruption at Ex-Im