Garrett: Congress Should Put the Export-Import Bank Out of Business

Statement

Rep. Scott Garrett (NJ-05) issued the following statement after joining fellow members of the House Freedom Caucus and other concerned lawmakers at a press conference this morning to urge Congress to let the Export-Import Bank expire on June 30:

"It's hard to imagine anything more unfair and un-American than having the government financially support mega-corporations at the expense of small businesses and American workers. But that is exactly what has been happening, and it will continue to happen if we don't let the Export-Import Bank expire next month. It rewards those with close relationships with Washington bureaucrats and makes victims of startups that dare to compete against them--literally picking winners and losers in our economy.

"Ex-Im has transformed the role of government from a disinterested referee that guarantees a free and open marketplace into a biased actor that tilts the scales in favor of its friends in businesses. We have the opportunity to save capitalism from cronyism and to fulfill a promise to the American people to work for them instead of a select few with special connections in Washington. For the sake of the American taxpayer and the preservation of the free enterprise system, Congress should put the Export-Import Bank out of business."

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