Freedom Partners, a Koch brothers political front group, launched a new misleading attack ad against Hillary Clinton that’s dripping with hypocrisy over her support for the Export-Import Bank. The Koch brothers’ latest attempt to kill the Ex-Im Bank failed to mention that Koch Industries received up to $16 million in assistance.
The truth is the Ex-Im Bank’s mission is to protect American companies and give them a competitive edge abroad. For more than 80 years, it’s been a bipartisan program because it promotes American exports. Last year alone it supported 164,000 jobs here at home with no cost to taxpayers. But now the Kochs have trained their sights on ending the bank entirely.
In the end, the Koch brothers are hiding their potentially $16 million slice of the pie to hurt U.S. workers and our economy.
Koch Industries and Its Subsidiaries Received At most $16,205,823 In Assistance from The Export-Import Bank
| Company | Date | Amount |
| Georgia-Pacific | 5/17/2003 (prior to Koch ownership) | $1,000,000-$5,000,000 |
| Georgia-Pacific | 2007-Present | $3,796,039 |
| John Zink | 2007-Present | $5,414,356 |
| Koch Heat Transfer | 2007-Present | $995,428 |
| Molex | 1/13/2009 | $0-1,000,000 |
| Total Max Benefit Under Koch Control | $16,205,823 | |
[Export-Import Bank, Accessed 4/15/15] * Note – Top number was calculated on anything with a range.
Georgia-Pacific
2003: Before GP Was Purchased by Koch Industries, Export-Import Bank Approved $1 To $5 Million In Financing For Texas Industries, Georgia-Pacific And Manufactures And Traders Trust Corporation To Export Construction Materials To Mexico. According to the summary of minutes of a meeting of the Board of Directors of the Export-Import Bank of the United States, “Item No. 1 Country: Mexico Policy No. MSM-254755 Request for: Policy (New) Policy Type: Single Sale/Multiple Shipments Coverage Type/Term: Comprehensive/MT Insured: Manufacturers and Traders Trust Corporation Buyer/Obligor: Agricola de Tampico, S.A. de C.V., Tampico, Mexico End User: Same Guarantors: Jose Chow Pangtay, Maria Antonieta del Campo de Chow, and Jose Benjamin Chow del Campo Exporter: Machinery & Parts Export Co., El Paso, TX 79925-2053 Suppliers: Texas Industries, Inc., Dallas, TX 75247-6913 Georgia-Pacific Corp., Atlanta, GA 30303-1808 Manufacturers and Traders Trust Corporation Broker: International Risk Consultants Products/Use: Building structure for fashion/entertainment center Ex-Im Bank Liability (Millions): $1 – $5 Credit Committee Decision: Approved[.]” [Export-Import Bank of the United States, 5/17/03]
Georgia-Pacific and Subsidiaries $3,796,039 In Insured Shipments, Guaranteed Credit, or Disbursed Loans In Georgia from Export-Import Bank Since 2007. [Export Import Bank, Export Data, Accessed 6/29/14]
John Zink
John Zink Company Received $5,514,356 In Insured Shipments, Guaranteed Credit, or Disbursed Loans In Oklahoma from Export-Import Bank since 2007. . [Export Import Bank, Export Data, Accessed 4/15/15]
Koch Heat Transfer
Koch Heat Transfer Received $995,248 In Insured Shipments, Guaranteed Credit, or Disbursed Loans In Texas from Export-Import Bank Since 2007, for a Total Export Value of $1,230,090. [Export Import Bank, Export Data, Accessed 6/29/14]
Molex
2009: Before Koch Purchased Molex, Export-Import Bank Approved $0 To $1 Million In Loans For Molex Company Inc. To Export Mixed Amines, An Organic Chemical, To India. According to an Export-Import Bank of the United States summary of minutes of meeting of Credit Committee, “Item No. 1 Country: INDIA – Ex-Im Online Case #443304 Transaction Type: Issuing Bank Credit Limit (IBCL) / New ELC Policy #211888 Exporter: Molex Company, Inc. Products: Mixed amines (organic chemical) Ex-Im Bank Liability (Millions): $0 – $1 Credit Committee Decision: Approved.” [Export-Import Bank, 1/13/09]