Alabama Political Reporter
Wednesday, U.S. Sen. Richard Shelby, R-Ala., voiced his strong concerns with the Export-Import Bank during a hearing to examine President Donald J Trump’s (R) six nominations to lead the bank.
“I believe the Export-Import Bank is now a body rampant with corporate cronyism, corruption, and unaccountability,” Shelby said. “Latest estimates indicate that the Export-Import Bank finances only two percent of total U.S. exports. This means 98 percent of exports from the U.S. are generated without the Bank’s financing.”