It's not looking good for Scott Garrett, the former GOP congressman tapped by President Donald Trump to run the controversial Export-Import Bank.
Lobbyist groups for the country's biggest companies, such as Boeing Co. and General Electric Co., are working to torpedo Garrett's nomination, a rarity for a Republican nominee, and GOP lawmakers are withholding support or floating alternatives. Their main complaint:During his seven terms in Congress, Garrett called for the Ex-Im Bank to be shut down.
"You don't put people in charge of something they want to destroy," said Jay Timmons, president of the National Manufacturers Association.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.