financialservices.house.gov

Cmte Financial Services (R)
Contact:


Hensarling Comments on Report Ex-Im Mischaracterizes Help for Small Businesses

Washington, Nov 13 -

Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement concerning a media report that the Export-Import Bank has mischaracterized “large companies and units of multinational conglomerates as small businesses”.

“Rarely does Ex-Im miss a PR opportunity to claim that it primarily helps small business, but Ex-Im is again playing fast and loose with the facts.  The Government Accountability Office also previously questioned Ex-Im about misstating its support for small business.  The bulk of Ex-Im’s help indisputably goes to large corporations that can finance their own operations without putting it on the taxpayer balance sheet.”