In what the Greenville Chamber described as “a major victory,” the U.S. Senate Committee on Banking, Housing and Urban Affairs recently disallowed Scott Garrett’s proposed chairmanship of the Export-Import Bank after his nomination proved controversial.
“This is a major victory for the nearly 20,000 South Carolina jobs that depend on the bank — from major multinational corporations to the small manufacturers that are the backbone of the Upstate economy,” the Chamber’s Jason Zacher said on the organization’s blog.
Zacher said 22 Palmetto State businesses used the bank in exporting products worth $385.2 million in 2014 alone, with nearly one-third representing enterprises qualifying as small businesses, minority-owned businesses or women-owned businesses.
The Chamber encourages constituents to reach out to Sen. Tim Scott (R-SC) — who voted against the appointment — to thank him for his role in this outcome. He was joined by Sen. Mike Rounds (R-SD) in the decisive rejection, which signaled a victory for supporters of the bank and the manufacturing industry as a whole.
In an online statement, the Chamber also encouraged the Senate to act speedily to confirm four additional nominees to the Export-Import Bank.
“We have long supported the Export-Import Bank and will continue to do so,” the Chamber said via its blog. “We fully support the four nominees who were approved yesterday and look forward to working with Sens. [Lindsey] Graham (R-SC) and Scott on their quick confirmation.”