Date: November 15, 2019
Subject: Expanding Cronyism by Reauthorizing the Export-Import Bank
Description: This bill would reauthorize the Export-Import bank for 10 years and rename the agency the "United States Export Finance Agency." Additionally, the bill would further expand cronyism and primarily benefit select companies such as Boeing and General Electric by significantly boosting the lending authority of the agency over the next decade to $175 billion. Furthermore, the bill would foster discrimination based on race and sex by establishing a new Office of Minority and Women Inclusion and would interfere in the energy and automotive markets through a new "renewable" energy export mandate to provide special favors for the electric vehicle industry. ACU supports the principles of free trade and opposes utilizing taxpayer funds to interfere in the marketplace and enrich select companies and manufacturers.
Result: Bill Passed, 235-184
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