financialservices.house.gov
Washington,
February 24, 2015
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Congressman Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee, will participate in a discussion on fighting cronyism at the 2015 Conservative Political Action Conference (CPAC) on Friday, February 27th.
The panel discussion, titled “Friends in Low Places: How Cronyism Corrupts Free Markets,” will focus on pro-growth, pro-Main Street economic principles instead of subsidies from the crony-connected Washington economy. In his remarks, Hensarling will discuss the U.S. Export-Import Bank’s upcoming reauthorization. “There is probably no better poster child of the Washington insider economy and corporate welfare than the Export-Import Bank. Its demise would be a resounding victory for the Main Street competitive economy. I believe it is a defining issue for our party and our movement,” said Rep. Hensarling. “Ex-Im doesn’t level the playing field; Ex-Im rigs it in favor of a few powerful Fortune 500 corporations that are the overwhelming beneficiaries of this program. Washington shouldn’t pick winners and losers, and hardworking American taxpayers – who are already under tremendous stress – shouldn’t be forced to pay for foreign corporate welfare that advantages a handful of very successful and powerful politically-connected corporations,” Rep. Hensarling added. Details on the discussion panel are as follows: WHO: Rep. Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee, and other participants. WHAT: CPAC panel discussion “Friends in Low Places: How Cronyism Corrupts Free Markets.” WHEN: Friday, February 27th at 2:10 P.M. WHERE: Gaylord National Resort & Convention Center, Potomac 4 Additional information can be found at http://cpac.conservative.org/ ###