releases: https://www.warner.senate.gov/public/index.cfm/2017/12/statement-of-u-s-sen-mark-r-warner-on-banking-committee-vote-against-export-import-bank-nominee-scott-garrett
Data license: MIT · Data source: dwillis/congress-press
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| url | title | date | year | month | party | chamber | state | member_name | bioguide_id | domain | scraper | source | date_source | text | has_text | collected_at | updated_at |
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| https://www.warner.senate.gov/public/index.cfm/2017/12/statement-of-u-s-sen-mark-r-warner-on-banking-committee-vote-against-export-import-bank-nominee-scott-garrett | Statement of U.S. Sen. Mark R. Warner on Banking Committee Vote Against Export-import Bank Nominee Scott Garrett | 2017-12-19 | 2017 | 2017-12 | Democrat | House | VA | Mark Warner | W000805 | www.warner.senate.gov | legacy | WASHINGTON U.S. Sen. Mark R. Warner (D-VA), a member of the Senate Banking Committee, issued the below statement following the committees bipartisan 10-13 vote against former Rep. Scott Garretts nomination to lead the U.S. Export-Import Bank, followed by broad bipartisan support for other Ex-Im Bank board nominees: For decades, the Export-Import Bank has served as a job-creating tool for U.S. manufacturers and exporters, helping finance over $138 billion in exports across the country including support for more than 80 companies in Virginia and supporting hundreds of thousands of middle class jobs. In order for U.S. manufacturers to compete in a global economy, we need a fully functional Ex-Im Bank. Without it, U.S. companies are at a major disadvantage against their foreign counterparts. But Rep. Garretts long record of attacking and undermining the Export-Import Bank mean that he is not fit to lead it. Todays bipartisan vote against his nomination is a strong signal to the Trump Administration that it should withdraw this nomination and put forward a qualified nominee who understands the important role the Ex-Im Bank plays in leveling the playing field for U.S. companies overseas. Establishing a quorum for the Banks board is long overdue, and I am encouraged that the rest of the board nominees were able to be approved by the Banking Committee on a bipartisan basis. I hope that they will soon be confirmed by the whole Senate so that the Ex-Im Bank can fulfill its important responsibilities to support American manufacturers in selling their products around the world. The Ex-Im Bank has not had a board quorum since 2015, after Senate Republicans blocked two bipartisan nominees to the Ex-Im Board that were put forward by President Barack Obama. Without a full quorum, Ex-Im can only authorize loans under $10 million, which make up only around 15 percent of the Banks total business. Since 2013, the U.S. Export-Import Bank has helped financemore than $1 billion in exports from nearly 80 Virginia companies, more than half of them small businesses. Sen. Warner has been a longtime supporterof Ex-Im,introducinglegislation to reauthorize its operations and increase its spending authority following a historic lapse in Congressional approval in July 2015.Since the Banks reauthorization, he hascalledfor the confirmation of qualified nominees to lead a fully functional Ex-Im. ### | 1 | 2026-03-30T12:14:52Z | 2026-03-30T12:14:52Z |