The White House announced Friday that it will nominate an outspoken critic of the Export-Import Bank to head the agency, following a week in which President Trump appeared to reverse his position on the controversial bank.
Former Rep. Scott Garrett (R-N.J.), who voted twice against reauthorizing the bank while in Congress, will be nominated as president of the bank. Separately, former Rep. Spencer T. Bachus III (R-Ala.) will be nominated to join the bank’s board. Both nominees require congressional confirmation.
Garrett, a deeply conservative Congressman who helped found the House Freedom Caucus, has in the past heavily criticized the agency he may now be tasked with leading. In a speech on the floor of the House in 2015, Garrett called the Ex-Im Bank a “fund for corporate welfare” and “a bank that embodies the corruption of the free enterprise system.”
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