Chairman Poe on the hearing: “It has been over three months since the authorization of the Export-Import Bank of the United States expired. The Senate voted to revive the bank and the House is set to vote on reauthorization later this month. While some see the Bank as essential for U.S. businesses to compete globally, opponents of the Bank see it as corporate welfare at odds with the free market.  The hearing will provide members the opportunity to hear from experts on the issue and gain a better understanding of the ramifications of the Export-Import Bank ahead of the important vote on October 26.”

Witnesses

Ms. Diane Katz
Senior Research Fellow in Regulatory Policy
The Institute for Economic Freedom and Opportunity
The Heritage Foundation
[full text of statement]
[truth in testimony form]   

Mr. T.J. Raguso
Executive Vice President
International Division
Amegy Bank National Association
[full text of statement]
[truth in testimony form]

Mr. Tyler Schroeder
Financial Analyst
Air Tractor Inc.
[full text of statement]
[truth in testimony form]

Loren B. Thompson, Ph.D.
Chief Operating Officer
Lexington Institute
[full text of statement]
[truth in testimony form]
____________________________

Hearing transcript (PDF)