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IF10457 – Export-Import Bank (Ex-Im Bank) and the Federal Budget – 2016-29-08

IF10457 – Export-Import Bank (Ex-Im Bank) and the Federal Budget – 2016-29-08 published on

Author: Grant A. Driessen
Pages: 2

What is Ex-Im Bank, and what is the congressional interest? As the official U.S. export credit agency, Export-Import (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 general statutory charter, the Export-Import Bank Act of 1945, as amended (12 U.S.C. ??635 et seq.). On December 4, 2015, Ex-Im Bank?s charter was renewed through September 30, 2019, by the Fixing America?s Surface Transportation Act of 2015 (FAST Act; P.L. 114-94, Division E).

 

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