What is Ex-Im Bank and what is the congressional interest? As the official U.S. export credit agency (ECA), Ex-Im Bank finances and insures U.S. exports of goods and services on a demand-driven basis. Ex-Im Bank operates as an independent agency under a renewable charter, the Export-Import Bank Act of 1945, as amended. In 2012, Congress debated and ultimately renewed Ex-Im Bank through September 30, 2014, and raised its exposure cap to $140 billion. Currently, Congress is considering whether to renew Ex-Im Bank’s authority and, if so, under what terms.
Date of Report: July 18, 2014
Number of Pages: 2
Order Number: IF00039
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