Press Release ● Jobs and Economyfacebooktwitterbirdemail
For Immediate Release: 
October 3, 2017
Contact Info: 
Mariel Saez 202-225-3130

WASHINGTON, DC – Democratic Whip Steny H. Hoyer (D-MD), Financial Services Subcommittee on Monetary Policy and Trade Ranking Member Gwen Moore (D-WI), and Rep. Denny Heck (D-WA) today sent a letter to President Trump asking for a second time that he withdraw the nomination of former Rep. Scott Garett to become President of the Export-Import Bank.  Garrett, whose nomination the President announced in April, advocated the elimination of the Bank while in Congress.  In 2015, Hoyer, Moore, and Heck were among the leaders of a bipartisan group of Members who successfully used a discharge petition to bring legislation to the Floor reauthorizing the Bank, which had been shut down by Garrett and other Republicans, harming export-driven businesses across the country.  They have repeatedly called on President Trump to withdraw Garrett’s nomination, citing his long record of opposition to the agency he has now been nominated to lead, and now, after five months without even a single hearing in the Senate, the three are calling on the President to accept that Garrett will not be able to secure enough support for confirmation. 
 
“It has now been more than five months since you announced Mr. Garrett’s pick,” the Members wrote to the President, “yet he has failed to secure even a hearing in the Senate Banking Committee.  Unfortunately, the controversy over his nomination is preventing quick action on your remaining Ex-Im Bank Board nominees – precisely the goal of those both inside and outside your Administration who are trying to frustrate your decision to support the Bank and its operations.  You have indicated repeatedly that two of your major policy goals are to boost U.S. manufacturing and reduce the U.S. trade deficit.  Restoring the Bank to full functionality can play a significant role in advancing both goals.   As a result, we urge you to immediately withdraw the nomination of Mr. Garrett so that your other four nominees can be confirmed as quickly as possible and restore a quorum to the Bank’s Board.”
 
“President Trump cannot claim to support the Export-Import Bank’s mission of growing American manufacturing jobs while continuing to back a nominee who has sought to undermine the Bank at every turn and even eliminate it altogether,” Whip Hoyer said.  “It is clear that Mr. Garrett does not have enough support in the Senate even to be invited to answer questions about his nomination.  Therefore, the President ought to withdraw this nomination, which is holding up the important business of the Bank as it seeks to ensure American businesses have a level playing field on which to compete and create jobs.” 
 
“The Export-Import Bank keeps American businesses competitive in the international marketplace, a goal our president has purported to champion since the start of his campaign,” said Rep. Moore. “Unfortunately, President Trump’s failure to nominate a competent president to the Bank is seriously hampering its ability to function at full capacity on behalf of hardworking Americans. Now is the time for the Bank to be led by a president who believes in the mission of the Bank and who can confidently lead it in a manner that prioritizes the best interests of the American economy and its workers over ideology.”

“This is an opportunity for the President to pick someone who projects confidence in the American economy and the workers that make it so strong,” said Rep. Heck. “There are plenty of members of the Republican Party who would fit that bill and effectively lead the ExIm Bank, but not any that match Scott Garrett's rigid ideology which fails to understand the necessity of an export credit agency to compete in the global economy. We urge President Trump to withdraw the nomination of Garrett in order to avoid making a personnel mistake that will harm American workers.”
 
To read the full text of the letter click here or see below.
 
--
October 3, 2017
 
The President
The White House
Washington, DC 20500
 
Dear Mr. President:
 
As Members who helped lead the effort to reauthorize the Export-Import Bank of the United States in the 114th Congress, we write again to urge you to withdraw the nomination of Scott Garrett to be President of the Bank so that the Board’s quorum can be reconstituted as quickly as possible. 
 
As you well know, the Ex-Im Bank plays a vital role in supporting tens of thousands of well-paying jobs in this country in the face of competition aggressively supported by more than 60 foreign export credit agencies, all while generating a profit for the U.S. Treasury.  Unfortunately, for the past two years the Bank has been unable to approve transactions worth more than $10 million – precisely the type of deals where the need to offset foreign export credit agency financing is most pronounced -- because its Board lacks a quorum.  In fact, for some infrastructure and other large deals, U.S. firms cannot even bid without the backing of Ex-Im Bank financing.  As a result, the continuing lack of a quorum is causing U.S. companies to move production to offshore locations where they can benefit from the services of foreign export credit agencies, precisely the opposite of your stated goal of increasing U.S. manufacturing operations and jobs in this country.   
 
For this reason, it is critical to put forward a slate of nominees for the Ex-Im Bank Board who can be confirmed quickly.  Mr. Garrett has failed that test.  He is controversial, unqualified, and, ultimately, un-confirmable.  There is no evidence to suggest that more time will change this situation; in fact, it is our understanding that Mr. Garrett’s meetings with key Senators have made them less likely to support his nomination. 
 
It has now been more than five months since you announced Mr. Garrett’s pick, yet he has failed to secure even a hearing in the Senate Banking Committee.  Unfortunately, the controversy over his nomination is preventing quick action on your remaining Ex-Im Bank Board nominees – precisely the goal of those both inside and outside your Administration who are trying to frustrate your decision to support the Bank and its operations. 
 
You have indicated repeatedly that two of your major policy goals are to boost U.S. manufacturing and reduce the U.S. trade deficit.  Restoring the Bank to full functionality can play a significant role in advancing both goals.  As a result, we urge you to immediately withdraw the nomination of Mr. Garrett so that your other four nominees can be confirmed as quickly as possible and restore a quorum to the Bank’s Board.   
 
Sincerely,
 
STENY H. HOYER                                                  
Democratic Whip                               
                       
GWEN MOORE
Ranking Member, Subcommittee on Monetary Policy and Trade
 
DENNY HECK
Member of Congress