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Rubio to Oppose Export-Import Bank Nominees

May 7, 2019 | Press Releases

Washington, D.C. ? Today, U.S. Senator Marco Rubio (R-FL) announced his opposition to three nominees to serve on the board of directors of the Export-Import Bank of the United States.
“Exports are the lifeblood of a thriving domestic economy, but the Export-Import Bank has too often subsidized protected interests over promoting real economic dynamism. Out-competing China requires that we relentlessly focus our policy on innovation over rent-seeking. I will vote against the confirmation of nominees to the Export-Import Bank’s board of directors because it has failed by this standard. Effective export promotion is critical to securing the high-value industries of the future. That is why I am working to reauthorize the Small Business Act, which provides export financing for small businesses that have the capacity to grow and substantially increase America’s domestic economy.”