House Freedom Caucus Chairman Jim Jordan made the following comments today regarding the expiration of the Export-Import Bank’s charter:

“This is a great day for taxpayers around the country who are fed up with cronyism in Washington. The charter of the Export-Import Bank, the ‘bridge to nowhere’ of corporate welfare, expired at midnight. The Bank has long been emblematic of Washington working for special interests and not for everyday Americans. The end of the Ex-Im Bank illustrates that conservative ideas – opportunity for all and limited government – resonate with people around the country.

“Even though the Bank’s authorization has expired, conservatives know that the Bank’s supporters will try to sneak through reauthorization language in an unrelated bill in the days to come. Conservatives must now stay vigilant to ensure this is not just a temporary victory.

“Thankfully, the vast majority of Republican presidential candidates oppose the Bank. Majority Leader Kevin McCarthy, Majority Whip Steve Scalise and the chairmen of the relevant House committees – Chairman Ryan of Ways and Means, Chairman Chaffetz of Oversight, Chairman Price of Budget, and Chairman Hensarling of Financial Services – along with the Republican Study Committee, all oppose reauthorization. In the Senate, Majority Leader Mitch McConnell and Steering Committee Chairman Mike Lee are both opposed. HFC proudly stands with these Members of Congress against corporate welfare.”