Reauthorizing the Export-Import Bank (Ex-Im) would expand the bank’s lending authority by an additional 40%, a total of $140 billion. Ex-Im is the poster child for corporate welfare. Additionally the bank distorts the free market with taxpayer-backed subsidies that pit one section of the U.S. economy against the other. The Senate passed this bill on May 15, 2012 by a roll call vote of 78-20.
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Conservative position: NO
Author: CR Staff