Detail for 2001 House Roll Call Vote 261

Vote Date: 24-Jul-2001
Yeas : Nays: 47 : 375

Our Congress Position Report shows how every member voted during this vote.

Information about the vote from special interest groups and other information providers in our Report Cards:

National Taxpayers Union

Export-Import Bank Subsidy.

Export-Import Bank Subsidy. Government spending reduction: $753 million.

Republican Liberty Caucus (Economic Liberty)

Foreign Op. Appr./Ex-Im Bank.

To eliminate the subsidy appropriation account for the Export-Import Bank.

Taxpayers for Common Sense Action

Eliminate Export-Import Bank.

The Export-Import Bank was created in the 1930’s to provide subsidies in an attempt to make U.S. exports more competitive. Current expenditures total $753 million dollars a year, 86% of which goes to large corporations. The expenditures have no discernable effect on the American economy, do not increase trade, and do not create jobs in this country. The Export-Import Bank also provides subsidized loans to foreign companies where private investments would likely suffice, which has the effect of exporting jobs.

Rep. Ron Paul (R-TX) offered an amendment to eliminate the funding for the Export-Import Bank.

The House rejected the Paul amendment.

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