Senate Banking Committee Rejects Trump’s Nominee to Head Ex-Im Bank

Donald Trump’s practice of nominating people to run agencies they oppose (Rick Perry), have no discernible expertise in (Perry again), or have no understanding of what they actually do (ditto) finally seems to have hit a brick wall.

The Senate Banking Committee rejected the White House’s nomination of former New Jersey Congressman Scott Garrett to chair the Export-Import Bank, which helps U.S. companies finance sales of products to foreign buyers. The bank has been used by aviation, space and satellite companies such as Boeing and SpaceX.


AIA Ramps Up Campaign Against Ex-Im Bank Nominee Scott Garrett

Arlington, Va. (AIAA PR) — The Aerospace Industries Association is launching a multi-tiered campaign reiterating the importance of the long-term health of the U.S. Export-Import Bank ahead of an important nomination hearing for the Bank leadership.

This week, AIA President and CEO David F. Melcher sent a letter to the Senate Banking, Housing, and Urban Affairs Committee, calling on them to restore a working quorum on the Bank’s Board of Directors by confirming four of the nominees and rejecting confirmation of Scott Garrett. Concurrently, AIA is launching an ad campaign highlighting the importance of confirming an Ex-Im Chairman that believes in the important mission Ex-Im plays in the American economy. Nominee Scott Garrett has a long history of actions and statements designed to destroy the agency, demonstrating he is not the leader Ex-Im needs or American industry deserves.


AIA Urges Trump to Withdraw Ex-Im Bank Nomination

Statement by AIA President and CEO David F. Melcher urging President Trump to withdraw the nomination of Congressman Scott Garrett to chair the Export-Import Bank of the United States and submit nominations for a full Board of Directors that will support the Bank’s key mission.

Arlington, Va. — Since the reauthorization of the U.S. Export-Import Bank (Ex-Im) in 2015, AIA has continually stressed the need to establish a quorum on the five member Ex-Im Board of Directors and make the Bank fully functional to ensure America’s aerospace and defense industry — which supports 2.4 million American workers — can compete on a level playing field.  That is why we initially met President Trump’s announcement in April of his support for Ex-Im and its mission with great optimism.