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WASHINGTON – Rep. Virginia Foxx, R-N.C., today released the following statement regarding her vote against the conference report for a five-year surface transportation package costing more than $300 billion that also includes language to reauthorize the Export-Import Bank:

“This legislation does not address the growing gap between the Highway Trust Fund’s revenues and expenses, instead expanding that gap to increase federal transportation spending. That spending relies on $70 billion from taxpayers through a transfer from the General Fund that is offset with gimmicks. It is the wrong way to proceed. We need a long-term solution that reevaluates the federal government’s transportation priorities and makes aggressive reforms on federal regulations and mandates. It’s past time to correct the federal government’s role in transportation programs and give states more control.

“As I previously shared when voting against stand-alone legislation reauthorizing the bank, I believe the Export-Import Bank conflicts with core conservative principles on the free market and unfairly allows the government to pick winners and losers while requiring taxpayers to bear the risks of private companies’ activities.”    

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U.S. Rep. Virginia Foxx represents North Carolina’s 5th Congressional District and is the elected Republican Conference Secretary. Dr. Foxx is the chair of the House Education and the Workforce Subcommittee on Higher Education and serves as Vice Chair of the House Rules Committee.