Conservative Group Presses Congress To Cut Off Ex-Im Bank

Law360, New York (May 7, 2012, 7:13 PM EDT) -- A conservative policy group on Monday called for the elimination of the U.S. Export-Import Bank, advising Congress to reject a bill extending the international trade subsidy organization's authority when it goes up for vote this week.

Heritage Action for America said in a statement that the export financing organization dilutes free-market capitalism, arguing that the U.S. House of Representatives should reject the Securing American Jobs Through Exports Act of 2011, which would prolong the bank's existence past its expiration in May.

“As is the case with...
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