Taxpayer Watchdog to Host News Conference on OPIC Appropriation

For Immediate Release Contact: Jim Campi
Wednesday, July 23, 1997 (202) 467-5300


On Wednesday, July 23 the Council for Citizens Against Government Waste (CCAGW), a member of the Stop Corporate Welfare Coalition, will host a news conference to urge support for the Royce-Andrews-Kasich Amendment to H.R. 2159, the Foreign Operations FY 1998 Appropriation.  The event will take place at 11:00 a.m. on the House Grassy Triangle outside the Capitol.

The amendment would reduce the administrative appropriation for the Overseas Private Investment Corporation (OPIC) from $32 million to $20.8 million and would be the first step toward shutting down the corporate welfare program.  OPIC uses taxpayer money to provide direct loans and risk insurance to Fortune 500 companies. 

Members of Congress scheduled to attend include Reps. John Kasich (R-Ohio), Ed Royce (R-Calif.), Robert Andrews (D-N.J.), Steve Chabot (R-Ohio), Bernard Sanders (I-Vt.) and Mark Sanford (R-S.C.).  Other members invited to attend include Reps. Jesse Jackson, Jr. (D-Ill.) and Dana Rohrabacher (R-Calif.)

Coalition members attending include CCAGW President Tom Schatz, Liz Tobias of Citizens for a Sound Economy, Jill Lancelot of Taxpayers for Common Sense, Courtney Cuff of Friends of the Earth, Anna Aurillio of U.S. Public Interest Research Group and David Keating of the National Taxpayers Union.

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