Does Boehner Agree with Conservatives on the Ex-Im Bank?

House Speaker John Boehner

House Speaker John Boehner has dipped his toe into the Export-Import Bank debate, showing tepid support for House Republicans who want to let the corrupt and outdated program expire.

According to Politico, Boehner told reporters:

“Listen, I support any plan that [House Financial Services Chairman Jeb Hensarling] can get through his committee… Whether it would reform the bank, wind it down- but there are thousands of jobs on the line that would disappear pretty quickly if the Ex-Im Bank were to disappear. So I told the chairman he needs to come up with a plan because the risk is, if he does nothing, the Senate is likely to act and then what.”

As the Washington Examiner’s Tim Carney pointed out in a recent column:

“A multi-year wind-down of Ex-Im is exactly what conservative Sen. Mike Lee and Rep. Justin Amash proposed last Congress. The argument for a wind-down is that it would allow subsidized businesses a few years to adapt their business models to ones not so dependent on taxpayer-backed financing.”

Speaker Boehner’s sound bite is a small victory for conservatives in the House who want to end the Ex-Im Bank. But as with all things in Congress, actions speak louder than words.

 

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.