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AFP and Freedom Partners Oppose Ex-Im Quorum, Call for Bank?s Closure

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Unread 05.09.19, 02:24 AM
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AFP and Freedom Partners Oppose Ex-Im Quorum, Call for Bank?s Closure

05.08.19 09:15 AM

ARLINGTON, Va. – Americans for Prosperity and Freedom Partners Chamber of Commerce urged Congress today to close the Export-Import Bank following*a Senate vote to revive the agency by confirming the Trump administration’s nominees. The organizations have long advocated for the closure of the Bank, which gives cash to the most well-connected companies, and will urge lawmakers to oppose the agency’s reauthorization in September. AFP Chief Government Affairs Officer Brent Gardner issued the following statement:* “It’s not the role of government to pick winners and losers.*Giving the Ex-Im Bank a quorum is essentially a license to go back to operating like a taxpayer-backed publishers clearing house for the most well-connected companies. This bank’s sole purpose is to rig the system.*Congress should work to stop the flow of corporate welfare, not increase it.*The Ex-Im Bank*doesn’t need a quorum, it needs to be closed.” Freedom Partners Executive Vice President Nathan Nascimento issued the following statement: “When companies compete on their merits, innovation thrives and consumers win. Congress should stand up for taxpayers – not bow down to cronyism by reviving the Ex-Im Bank. Without the bank, industries have moved on to other financing and the U.S. economy continues to hum along. The last […]

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