The Koch-Engineered Ex-Im Fight, Exposed

December 3, 2015

In “Banking On Obstruction,” a report released by Bridge Project on the eve of the expiration of the Export-Import Bank’s charter in July, we detailed Charles and David’s hypocritical, million-dollar effort to block the Ex-Im Bank’s reauthorization.  We’ve covered developments in the Ex-Im standoff since then, including hypocritical Koch attacks on businesses forced to outsource jobs as a result of the expiration, and a major setback for the Kochs in the form of a successful discharge petition to vote on reauthorization legislation in the House of Representatives. The House ended up passing the bill, but Koch-crony Senate Majority Leader Mitch McConnell stepped in to protect the Kochs’ priorities, blocking Senate consideration of the measure.

Today, though, brings the Koch’s biggest Ex-Im setback yet. On a 359-65 bipartisan vote, the House of Representatives passed a $305 billion, 10-year highway bill that includes a provision to reauthorize the Ex-Im Bank. The Senate still needs to pass the legislation to send it to the president’s desk — and McConnell could conceivably step up in for the Kochs again — but all signs are pointing to the likelihood of a major defeat for Charles and David and their selfish agenda.

We say major, because — as Politico detailed this morning — the Ex-Im Bank-reauthorization fight has been Charles and David’s signature project for quite some time: They created the conflict, escalated it, and used their shady network of front groups to lobby politicians and elect candidates who agreed to follow their lead and support ending its charter.

But now, even as the brothers’ front groups threaten candidates that there’ll be retribution should they support the bill and vote for the bank’s reauthorization — “[W]e’re going to hold them accountable,” said AFP President Todd Phillips” — the Kochs appear to be fighting a losing war.

Read More: Politico: How the Koch network created the Ex-Im fight

Paid for by American Bridge 21st Century Foundation