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The Wall Street Journal: Trump plans to nominate Scott Garrett, critic of Export-Import Bank, to head agency

President Donald Trump said Friday he would nominate former congressman Scott Garrett, who has supported closing the U.S. Export-Import Bank, to head the credit agency.

Garrett voted in 2012 and in 2015 against renewing the charter of the Ex-Im Bank, which guarantees loans for companies that export U.S. products. Garrett, a New Jersey Republican who served seven terms in the U.S. House, lost a bitterly contested election in November to Rep. Josh Gottheimer (D., N.J.).

Trump also said Friday he would nominate Spencer Bachus, a former Republican congressman from Alabama who chaired the House Financial Services Committee, to the Ex-Im Bank board.

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