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Senate panel rejects Scott Garret to lead Ex-Im Bank

On Tuesday, the Senate Banking Committee rejected President Trump’s nominee to lead the Export-Import Bank.

The panel in a 10-13 vote declined to advance the nomination of Scott Garrett. Garrett’s nomination was deeply controversial with both the Committee and several business groups, due to his past attempts to disband the Ex-Im bank.

“The Senate Banking Committee did right by America’s manufacturing workers today by rejecting Scott Garrett’s nomination,” said NAM President and CEO Jay Timmons.

“This agency, which has supported 1.4 million jobs over the past several years, is too important for manufacturers and our economy to be led by someone who has consistently tried to destroy it,” Timmons said.

“We are pleased the Senate has refused to confirm a person that has tried to destroy the Ex-Im Bank as the leader of that institution,” said Ray McCarty, president and CEO of Associated Industries of Missouri. “We are confident a new appointee can be found that wants to help the Bank succeed in its mission of helping American businesses compete with foreign businesses when selling to customers in other countries.”

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