tsai3904
06-19-2014, 02:19 PM
McCarthy told lawmakers he would defer to the Financial Services Committee on the Export-Import Bank, which expires at the end of September and has become a flashpoint between establishment and Tea Party Republicans. Cantor helped negotiate the last extension of the lending agency, while Chairman Jeb Hensarling (R-Texas) wants to let its charter expire.
http://thehill.com/homenews/house/209882-gop-chooses-leaders-today
This could be especially problematic for the Ex-Im Bank and its backers in the business world. The committee with jurisdiction, the House Financial Services Committee, is chaired by Rep. Jeb Hensarling (R., Texas), who is an avowed opponent of the bank. Mr. Hensarling has urged fellow lawmakers both publicly and privately to not support reauthorization, referring to the agency as an example of “crony capitalism” and saying it put taxpayers at risk through its loan portfolios.
The last time this was an issue, in 2012, current House Majority Leader Eric Cantor (R., Va.) circumvented Mr. Hensarling and brokered a two-year reauthorization. But with Mr. Cantor stepping down as leader at the end of July, it remains unclear whether his likely replacement, current Majority Whip Rep. Kevin McCarthy (R., Calif.), would similarly step in.
“Kevin was very clear in the meeting that the chairman need to take care of it,” Rep. Devin Nunes (R., Calif.), a supporter of Mr. McCarthy said Thursday. Asked what would happen if Mr. Hensarling declines to take up a reauthorization, Mr. Nunes said bluntly: “Well, then it will expire.”
http://blogs.wsj.com/washwire/2014/06/19/gop-contest-means-nervous-time-for-ex-im-bank/
The last Export-Import Bank reauthorization passed 330-93 in the House in 2012 and yet we have a chance to kill the bank this time around.
If your Congressman sits on the Financial Services Committee, please contact them and urge opposition to the Export-Import Bank. Here are the list of members: http://financialservices.house.gov/about/members.htm
http://thehill.com/homenews/house/209882-gop-chooses-leaders-today
This could be especially problematic for the Ex-Im Bank and its backers in the business world. The committee with jurisdiction, the House Financial Services Committee, is chaired by Rep. Jeb Hensarling (R., Texas), who is an avowed opponent of the bank. Mr. Hensarling has urged fellow lawmakers both publicly and privately to not support reauthorization, referring to the agency as an example of “crony capitalism” and saying it put taxpayers at risk through its loan portfolios.
The last time this was an issue, in 2012, current House Majority Leader Eric Cantor (R., Va.) circumvented Mr. Hensarling and brokered a two-year reauthorization. But with Mr. Cantor stepping down as leader at the end of July, it remains unclear whether his likely replacement, current Majority Whip Rep. Kevin McCarthy (R., Calif.), would similarly step in.
“Kevin was very clear in the meeting that the chairman need to take care of it,” Rep. Devin Nunes (R., Calif.), a supporter of Mr. McCarthy said Thursday. Asked what would happen if Mr. Hensarling declines to take up a reauthorization, Mr. Nunes said bluntly: “Well, then it will expire.”
http://blogs.wsj.com/washwire/2014/06/19/gop-contest-means-nervous-time-for-ex-im-bank/
The last Export-Import Bank reauthorization passed 330-93 in the House in 2012 and yet we have a chance to kill the bank this time around.
If your Congressman sits on the Financial Services Committee, please contact them and urge opposition to the Export-Import Bank. Here are the list of members: http://financialservices.house.gov/about/members.htm