Conservative lawmakers are lining up against the Export-Import Bank, which subsidizes U.S. exporters at taxpayer risk. Mike Lee wrote an op-ed against it, Pat Toomey criticized it on the floor, 21 Republican members cast a symbolic vote against an Obama nominee to Ex-Im’s board, Senate Majority Leader Mitch McConnell voted against reauthorization in 2012.
From a conservative caucus meeting, The Hill’s Russell Berman gives us word that House Financial Services Committee Chairman Jeb Hensarling — a no vote in 2012, and a vocal critic since then — is pretty firmly in the “mend-it-or-end-it” camp. Also, Paul Ryan reportedly said Ex-Im should be allowed to lapse.
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