Jordan to chair joint subcommittee hearing on Export-Import Bank projects

Congressman Jim Jordan (R-Ohio) will continue his focus on the scandal and corruption-plagued Export-Import Bank tomorrow when he co-chairs a joint subcommittee hearing focused on some of the bad investments and wasteful spending that the Bank has been involved in over the past few years.

The hearing, titled "Examining the Export-Import Bank's Mandates," will be held at 1 p.m. Eastern tomorrow in 2154 Rayburn House Office Building. Rep. Jordan will co-chair the second joint hearing of his Oversight and Government Reform Subcommittee on Health Care, Benefits and Administrative Rules with Michigan Rep. Bill Huizenga and his Financial Services Subcommittee on Monetary Policy and Trade. Ex-Im Bank Chairman and President Fred Hochberg will serve as witness for the hearing.

During a question-and-answer period in the last joint Ex-Im Bank hearing two weeks ago, Mike McCarthy, acting inspector general of the Ex-Im Bank, told Rep. Jordan that the Justice Department may indict individuals involved in 31 open investigations of corruption and fraud at the Ex-Im Bank (VIDEO HERE). Days before, the Justice Department had charged former Ex-Im Bank official Johnny Gutierrez with bribery for actions he took while employed at the Ex-Im Bank.

WHO: Rep. Jim Jordan; Fred Hochberg, chairman and president, the Export-Import Bank of the United States

WHAT: Joint hearing: "Examining the Export-Import Bank's Mandates"

WHERE: In person: 2154 Rayburn House Office Building; online: http://oversight.house.gov/hearing/examining-export-import-banks-mandates/

WHEN: 1 p.m. Eastern, TOMORROW, April 30, 2015

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