1、 https:/crsreports.congress.gov Updated March 8, 2022Export-Import Bank of the United States (Ex-Im Bank) Ex-Im Bank, the official U.S. export credit agency (ECA), provides financing and insurance to facilitate U.S. goods and services exports to support U.S. jobs, per a renewable, general statutory
2、charter (Export-Import Bank Act of 1945, as amended; 12 U.S.C. 635 et seq.). It aims to support U.S. exports when the private sector is unwilling or unable to do so, and/or when those exports compete against ECA-backed foreign exports. It is demand-driven, fee-based, and backed by the U.S. governmen
3、ts full faith and credit. Background Authorization. Congress extended the Banks general statutory authority for seven years, through December 31, 2026 (P.L. 116-94, Div. I, Title IV, enacted December 20, 2019). Absent reauthorization, the Bank generally would be unable to approve new transactions, b
4、ut it would be able to continue managing its existing financial obligations, and perform certain other functions for “an orderly liquidation.” Leadership. A five-member Board of Directors, drawing from both political parties, leads the Bank. Members are presidentially appointed and Senate-confirmed.
