Senate Panel Rejects Trump's EX-IM Bank Leader Nominee

But the bank has significant bipartisan support in Congress, including backing from the GOP's establishment wing, as well as outside Republican allies such as the U.S. Chamber of Commerce.

But Scott voted against Garrett. In 2015, he called the Export-Import Bank an institution that "embodies the corruption of the free enterprise system".

"In rejecting the nomination of Scott Garrett to lead the Export-Import Bank of the United States, Senators - both Democrats and Republicans, alike - affirm how damaging his leadership would be to this vital agency", she said in a statement. Those that support the agency argue it creates a level playing field, allowing USA companies to compete with foreign rivals that receive backing from their own governments. "We will continue to work with the Committee on a path forward", said Marc Short, the White House's director of legislative affairs. "At the same time, the NAM is firmly opposed to the nomination..."

In his confirmation hearing before the committee last month, Garrett tried to convince senators that he turned over a new leaf. But members were skeptical of his claims since he didn't tell the committee that he believed they were wrong when he made them. Instead, Garrett said he was no longer in favor of abolishing the bank because Trump is now president, and he simply wants to run it instead.

Two Republicans on the Senate Banking Committee helped to block President Donald Trump's nominee to lead the Export-Import Bank in a critical vote Tuesday. Elizabeth Warren (D-Mass.) if his "crusade to kill the bank was a mistake", Garrett pointed to a different administration being in charge since he was vocal in 2015 about taking down Ex-Im. "The White House should now withdraw Mr. Garrett's nomination and quickly nominate a chair that will actually fulfill the mission of the Ex-Im bank, and in the meantime, Leader McConnell should move quickly to confirm the other five pending nominees at the bank and restore a quorum so that the bank can once again operate at full capacity". "While I wish him no ill, I believe he's not the right person to be the chairman". "We urge the full Senate to move quickly on behalf of USA workers and companies of all sizes to guarantee the bank can once again operate at full strength".

  • Rogelio Becker