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Ratcliffe Statement of Opposition to Ex-Im Reauthorization

Statement

Date: April 28, 2015
Location: Washington, DC
Issues: Finance and Banking Trade

The Export Import Bank (Ex-Im) is a federal agency that seeks to increase U.S. exports to other countries by giving taxpayer-funded loans to American companies. John Ratcliffe (R-Texas) issued the following statement regarding calls for its reauthorization by Congress:

"As a limited-government conservative, I believe that the government should not be in the business of picking winners and losers or unnecessarily encroaching upon private market activity. The Ex-Im epitomizes crony capitalism and brings more government where less is needed. I believe Ex-Im conflicts with the free enterprise principles that have made America great. It is a form of corporate welfare that poses a great risk to taxpayers, and now is the time to end the Export Import Bank."


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