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Garrett Pushes to End Crony Capitalism and Shut Down Export-Import Ban

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Rep. Garrett urges Congress to let the Ex-Im Bank expire at a press conference on Tuesday morning

Garrett Pushes to End Crony Capitalism and Shut Down Export-Import Bank

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

May 27, 2015

WASHINGTON, D.C. – 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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