[20030310]98-568E_进出口银行：背景和立法问题.pdf

1 For additional information, see the Banks Internet address: http:/www.exim.govCongressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code 98-568 EUpdated March 10, 2003Export-Import Bank:Background and Legislative IssuesJames K. JacksonSpecialist in International Trade and FinanceForeign Affairs, Defense, and Trade DivisionSummaryThe Export-Import Bank is the chief U.S. government agency that helps financeAmerican exports.1 With a budget of around $600 million, the Bank finances about 1%of U.S. exports a year. Eximbank provides guarantees and insurance to commercialbanks to make trade credits available to U.S. exporters. The Bank also offers directfinancing to U.S. exporters on a limited basis, primarily to counter subsidized tradecredits offered to foreign exporters by their governments. On February 20, 2003,President Bush signed P.L. 108-007 (H.J.Res. 2), which appropriated $541 million forthe Banks subsidy costs, or 25% below the $727 million appropriated in FY2002, and$68 million in administrative expenses. For FY2004, the Presidents budgetrecommends appropriating no additional funds for the Banks subsidy costs, relyingi