GOP Chairman: Hillary A 'Natural Cheerleader' For Export-Import Bank
By Kevin Cirilli - 05/22/15 11:58 AM EDT
House Financial Services Committee Chairman Jeb Hensarling (R-Texas) attacked Democratic presidential front-runner Hillary Clinton Friday over her support for the embattled Export-Import Bank.
Clinton is expected to reiterate her support for the bank during campaign appearances in New Hampshire, as Congress continues to grapple with whether or not to reauthorize the 80-year-old bank's charter before it expires June 30.
“Hillary Clinton is a natural cheerleader for the Export-Import Bank. After all, Ex-Im’s biggest beneficiaries are foreign governments and giant corporations," Hensarling said in a statement.
Hensarling and other conservatives — including all top-tier Republican presidential candidates — oppose reauthorizing the federally-backed bank, which finances business projects overseas.
Critics argue that the bank unfairly benefits big corporations by backing major, politically connected firms as opposed to small businesses. Boeing, for example, received more than a third of the Bank's total loan commitments between 2007 and 2013, according to an S&P report.
"Conveniently, these just happen to be among the biggest donors to the Clinton Foundation as well as major underwriters of the speaking fees that added millions of dollars to the Clinton bank account," Hensarling said in a statement.
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http://thehill.com/business-a-lobbying/242941-gop-chairman-hillary-a-natural-cheerleader-for-ex-im