*GOP’s Export-Import Bank Shutdown

It's not just Democrats who oppose Scott Garrett's nomination to lead the Export-Import Bank, the very agency that Garrett voted to shut down and sought to dismantle. Senate Republicans and the business community are also opposing the nomination.

Democratic Whip Steny H. Hoyer today joined House Financial Services Committee Ranking Member Maxine Waters (CA-43), Subcommittee on Monetary Policy and Trade Ranking Member Gwen Moore (WI-04), and Rep. Denny Heck (WA-10) in sending a letter to Senator Mike Crapo, the Chairman of the Senate Banking, Housing, and Urban Affairs Committee, raising a number of questions that former Rep. Scott Garrett needs to answer before the Committee considers his nomination as President of the Export-Import Bank.

As Congress prepares to adjourn at the end of the week, it’s clear that the Republican-led 114^th Congress has become yet another closed, unproductive, do-nothing Congress.

House Democratic Whip Steny H. Hoyer, along with House Financial Services Committee Ranking Member Maxine Waters, Monetary Policy & Trade Subcommittee Ranking Member Gwen Moore, and Rep. Denny Heck, today sent a letter to Senate Banking Committee Chairman Richard Shelby urging action on the confirmation of J. Mark McWatters to a four-year term serving on the Board of the Export-Import Bank.  

If they had a kitchen sink, pro-business lobbyists pushing for the renewal of the Export-Import Bank might have thrown that, too.

The House on Thursday took a step toward reviving the Export-Import Bank, by voting to renew the embattled institution's funding as part of a five-year federal transportation spending measure.

Thank you very much. I came here to hear Maxine Waters introduce me.  It’s always good to have a close friend introduce you, thank you so much, but Maxine really has been our quarterback on this issue as the Ranking Member of the Financial Services Committee.