NTU urges all Representatives to vote “YES” on Rep. Mike Pompeo’s (R KS-4) amendment to H.R. 5326, the Commerce, Justice, Science and Related Agencies Appropriations Act. This amendment wouldeliminate the Economic Development Administration (EDA), saving $200 million in wasteful spending.
Founded in 1965, the EDA has become little more than an earmarking tool for particular local projects without real regard for the role of government or efficacy of the program. The grants provided by the agency often duplicate other federal, state, local, and private sources for economic development funding; in fact, in 2010 there were over 80 federal economic development programs that devoured $2.9 billion. An EDA Inspector General study showed that 29 percent of grant money had been wasted due to “accounting irregularities, conflict of interest, and improper procurement procedures” on projects like a $2 million “culinary amphitheater” in Washington State or $500,000 to replicate a Great Pyramid in Indiana.
Though NTU and U.S. Public Interest Research Group differ on the size and scope of government, in a 2011 deficit reduction study, the EDA was among the agencies that the two groups agreed should be in line for reductions.
Roll call votes on the Pompeo amendment to H.R. 5326 will be included in our annual Rating of Congress and a “YES” vote will be considered the pro-taxpayer position.
If you have any questions, please contact NTU Federal Affairs Manager Nan Swift at (703) 683-5700