Over the summer, conservatives ignited a national movement against the Export-Import Bank. This poster child for cronyism is now battling for its survival. But just as Americans across the country rose up to demand an end to Ex-Im, Congress, at the behest of the White House, is preparing to extend its expiring charter.
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Background: In 2012, legislation to reauthorize and increase Ex-Im’s lending authority by 40 percent, from $100 billion to $140 billion, passed in the House and Senate. With its charter set to expire at the end of September, a bipartisan coalition is advocating for another reauthorization. If it is not reauthorized, the bank will be unable to offer new loans, effectively grinding it to a halt and preventing it from distributing subsidies to new constituencies.
A two year fight is culminating in what should be the final standoff between true congressional conservatives and those members intent on pleasing special interests and the corporate welfare beneficiaries. It is more important than ever for concerned citizens to apply pressure to their representatives and see the mission through to the end. Stay armed with the facts of the case to End Ex-Im, and find out where your congressman stands!