Call Your Representative to See Where He or She Stands on Export-Import Bank
The charter for the Export-Import Bank will expire at the end of September, and a bipartisan coalition is already advocating for reauthorization. If not reauthorized, the Bank will be unable to offer new financing, effectively grinding it to a halt and preventing it from distributing subsidies to new constituencies.
Congress had the opportunity to end what has been called a “publicly subsidized piggy bank for large corporations” less than two years ago. Instead, Congress passed legislation to reauthorize and increase Ex-Im’s lending authority by 40 percent, from $100 billion to $140 billion, despite surprising opposition in the House and Senate.
As this fight heats up, it is important to know where your Representative stands on the issue. Calling your congressional office and asking whether or not he or she will oppose the reauthorization of the Export-Import Bank and reporting back what they say creates a feedback loop that will help conservatives win. Take action now by making the call.