[20140718]IF00039_进出口银行和联邦预算.pdf

July 18, 2014 Export-Import Bank (Ex-Im) and the Federal Budget Background 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 Banks authority and, if so, under what terms. What is the current size of the Ex-Im Banks portfolio? In FY2013, Ex-Im Bank authorized $6.9 billion in new direct loans (export financing and the Tied Aid War Chest) and $20.5 billion in new loan guarantees (medium and long term guarantees, short and medium term insurance, and the working capital fund). Total authorizations for FY2014 are estimated at $30.9 billion ($5.0 billion for new direct loans and $25.9 billion for new loan guarantees) and for FY2015 at $37.6 billion ($3.0 billion for new direct loans and $34.6 billion for new loan guarantees). At the e