Yesterday, the House Financial Services Committee's Subcommittee on National Security, Illicit Finance, and International Financial Institutions held an oversight hearing on the Export–Import Bank of the United States. The sole witness: former Ex–Im Chairman John Jovanovic, who sat before legislators to discuss the Export–Import Bank Reauthorization Act of 2026. I have written some thoughts about this here and here and here.

I want to point to a submission for the record by Bryan Riley of the National Taxpayers Union that deserves attention because virtually everything in it has been documented, warned about, and ignored for years.

Riley's testimony is concise. He makes ...

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