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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.”