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U.S. President Picks Nominee To Lead Import-Export Bank

Trump announced last night he will nominate Scott Garrett to serve as the Import-Export Bank president.

Why This Matters: Scott Garrett has openly supported closing the Ex-Im Bank, which he could now lead. He voted twice (in 2012 and 2015) to oppose the reauthorization of the Bank, which would have continued providing loans to companies that export United States goods.

The Money Quote: He called the Ex-Im Bank a “corporate welfare program” and said it’s “crony capitalism.”

Who Is He? A former Republican legislator in New Jersey, serving in the House of Representatives from 2003 to 2017. He earned his law degree at Rutgers Law School.

 

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