Member Corner

e·gre·gious -- outstandingly bad; shocking.   “A Wealth of Political Connections” Connects Troubled Foreign Company to U.S. Taxpayers   What do U.S. taxpayers, former Vice President Al Gore and former Gov. Bill Richardson have in common? Not… Read more »

e·gre·gious -- outstandingly bad; shocking. Did an Ex-Im Project Lead to 27 Deaths? The Export-Import Bank’s approval of $3 billion in financing for a liquefied natural gas project in Papua New Guinea reportedly led to the deaths of 27 villagers who were killed on January 24, 2012 in a massive… Read more »

e·gre·gious -- outstandingly bad; shocking.   The Ex-Im Bank:  A “Petri Dish” of Corruption?   With a House committee preparing to examine allegations of corruption at the Export-Import Bank,… Read more »

Committee Reviews the Dodd-Frank Act on its 4-year Anniversary                                                                                  On Wednesday, the full committee held a… Read more »

  The Export-Import Bank just can’t help themselves. The United Arab Emirates (UAE), a country described as having “a high standard of living because of oil wealth,” sovereign wealth over $1 trillion in assets and a per-capita GDP of over $58,000, decided it needed some new aircraft and turbines. Who better to help than American taxpayers… Read more »

 e·gre·gious -- outstandingly bad; shocking.  The Export-Import Bank – Helping Those Who Can Help Themselves Mexican Company Admits It Doesn’t Need Ex-Im’s Help, But Since It’s Offering… … Read more »

e·gre·gious -- outstandingly bad; shocking.  The Ex-Im Bank’s Support for Australia’s “Corporate Welfare Queen”    Australia’s richest citizen Gina Rinehart in Singapore at the signing of agreements for the Roy Hill mine. … Read more »

At his event in Seattle tonight, it won’t be surprising if President Obama praises the Export-Import Bank as a “jobs creator” that “doesn’t cost taxpayers anything.” It’s a far cry from how he used to describe the Export-Import Bank – as “little more than a fund for corporate welfare.” The President may hope that his audience is unfamiliar with those remarks.  He may also hope they… Read more »

On Wednesday at 10:00 a.m. the Full Committee will hold a hearing to assess the impact of the Dodd-Frank Act on its four-year anniversary. To view the committee staff report on “too big to fail” that was released today, click here. On Thursday at 10:00 a.m. the Capital Markets and Government Sponsored Enterprises Subcommittee will hold a hearing to examine the SEC’s Division of… Read more »

With One Hand U.S. Sanctions Russian Companies, But With the Other…     The Export-Import Bank is financing deals with Russian companies hit by U.S. sanctions this past week.   Two of the four Russian firms targeted with new sanctions announced last week by the Obama administration have received more than $1 billion in U.S. taxpayer-financed subsidies from the… Read more »