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US conservatives aim for Opic after Ex-Im win

Focus on Overseas Private Investment Corp is latest phase of a new strategy to pick off agencies one at a time in quest to shrink government and promote free markets

Published Mon, Jul 13, 2015 · 09:50 PM
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Washington

A FACTION of Republican conservatives who successfully slid the knife into the US Export-Import (Ex-Im) Bank are eyeing a new target for their drive against what they call "crony capitalism" - an obscure agency that helps US firms invest in the developing world.

Their focus on the Overseas Private Investment Corp (Opic) is the latest phase of a new strategy by conservatives in Congress to pick off agencies one at a time in their quest to shrink government and promote free markets.

Like Ex-Im, whose charter expired on June 30 after Republicans blocked its…

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