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Eric Cantor

Export-Import Bank's expiration a victory for billionaire Koch brothers

Export-Import Bank's expiration a victory for billionaire Koch brothers

The Export-Import Bank, created by President Franklin Delano Roosevelt to help foreign customers buy U.S. goods, has been reauthorized 16 times, usually with little fuss and often with strong Republican support. But Congress let the bank's charter expire this week, halting any new loans. Even more surprising than the rare event of a government program being wound down was the force behind the shutdown: the billionaire Koch brothers. Their network of groups turned what was once routine reauthorization of a lesser-known financing entity into a litmus test for conservatives — and they scored a major victory. The ability to make the bank a Capitol Hill priority and even a...

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