ProgressivePunch : HR 2871. Export-Import Bank/Vote to Eliminate U.S. Subsidies to Large Corporations That Layoff More U.S. Workers than Foreign Workers. : All Members

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HR 2871. Export-Import Bank/Vote to Eliminate U.S. Subsidies to Large Corporations That Layoff More U.S. Workers than Foreign Workers.

house Roll Call 120 May 01, 2002

Progressive Position:	Yea
Progressive Result:	Loss
Qualifies as polarizing?	Yes
Is this vote crucial?	Yes

The Export-Import Bank of the United States administered a program that subsidized U.S. companies whose overseas competitors also received subsidies. Progressives disagreed with this program because they could not see the need to provide subsidies to some of America's largest corporations. They had particular difficulty understanding why a company should receive such a subsidy while in the process of shifting its workforce overseas. Sanders (I-VT) proposed an amendment to the reauthorization of the Export-Import Bank that would forbid subsidies for corporations that laid off more U.S. employees than overseas employees. This amendment received Progressive support, but was ultimately outvoted by a wide margin, 135-283.

Issue Areas:

CORPORATE SUBSIDIES — General

GOVERNMENT CHECKS ON CORPORATE POWER — General

LABOR RIGHTS — Preventing Workers' Rights From Being Eroded by International Trade Agreements

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