Insurance and Finance

Top Insurance Stories – Subscribe to Insurance and Finance here

Senators Call for Plan to Liquidate Ex-Im Bank

A group of U.S. senators are pushing to formally liquidate the Export-Import Bank (Ex-Im). The government agency’s charter expired in June. Senators Ted Cruz (R-TX), Mike Lee (R-UT), Rand Paul (R-KY), Marco Rubio (R-FL), Ben Sasse (R-NE), and Pat Toomey (R-PA) are calling for a plan to sell off assets of the Export-Import Bank, a government agency subsidizing domestic companies’ costs when selling goods in foreign countries. ‘Wind It Down’ “Since the Export-Import Bank’s charter expired on June...

Ex-Im Bank Improperly Deleted Public Records, Lawsuit Claims

Cause of Action, a nonprofit, nonpartisan government accountability organization, is suing the Export-Import Bank (Ex-Im) and demanding a congressional investigation into the alleged improper deletion of public records. Responding to a public records request, Ex-Im claims its chief of staff, Scott Schloegel, “accidentally” deleted text messages the group was seeking about a month and a half after the request was received. ‘Sorry, We Deleted Those Records’ Scott Nelson, an attorney for the...

Read the latest issue of FIRE News

A monthly publication featuring the latest news on the issues that matter most.