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Hensarling to Speak Out Against Washington Cronyism at the Conservative Political Action Conference
“There is probably no better poster child of the Washington insider economy and corporate welfare than the Export-Import Bank”
Washington, Feb 24 -
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/ ###