Senate Panel Rejects Trump’s Nominee to Lead Export-Import Bank<br />The nominee, Scott Garrett, a former representative<br />and a Republican from New Jersey who had wanted to see the government’s export credit agency shuttered, was rejected by the Senate Banking Committee in a 13-to-10 vote, the first by the committee against a Trump administration nominee.<br />“I think that strong desire on his part to see it abolished as an example of crony capitalism would not have worked in the operation of the bank.”<br />Mr. Scott, whose state hosts a huge manufacturing plant for Boeing, the bank’s biggest customer, said: “My belief is<br />that we need to both reform the Export-Import Bank and ensure it continues to function as an important tool for American businesses large and small.
