Senate Panel Rejects Trump’s Nominee to Lead Export-Import Bank
- 6 years ago
Senate Panel Rejects Trump’s Nominee to Lead Export-Import Bank
The nominee, Scott Garrett, a former representative
and a Republican from New Jersey who had wanted to see the government’s export credit agency shuttered, was rejected by the Senate Banking Committee in a 13-to-10 vote, the first by the committee against a Trump administration nominee.
“I think that strong desire on his part to see it abolished as an example of crony capitalism would not have worked in the operation of the bank.”
Mr. Scott, whose state hosts a huge manufacturing plant for Boeing, the bank’s biggest customer, said: “My belief is
that we need to both reform the Export-Import Bank and ensure it continues to function as an important tool for American businesses large and small.
The nominee, Scott Garrett, a former representative
and a Republican from New Jersey who had wanted to see the government’s export credit agency shuttered, was rejected by the Senate Banking Committee in a 13-to-10 vote, the first by the committee against a Trump administration nominee.
“I think that strong desire on his part to see it abolished as an example of crony capitalism would not have worked in the operation of the bank.”
Mr. Scott, whose state hosts a huge manufacturing plant for Boeing, the bank’s biggest customer, said: “My belief is
that we need to both reform the Export-Import Bank and ensure it continues to function as an important tool for American businesses large and small.