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{{Merge|Export–Import Bank|date=February 2025}}{{Organization
{{Organization
|OrganizationName=Export-Import Bank of the United States
|OrganizationName=Export-Import Bank of the United States
|OrganizationType=Government
|OrganizationType=Government
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'''Export-Import Bank of the United States (EXIM)''' is the official export credit agency of the United States, providing financing solutions like loans, guarantees, and insurance to support U.S. exporters in international markets, particularly when private sector financing is not available.
'''Export-Import Bank of the United States (EXIM)''' is the official export credit agency of the United States, providing financing solutions like loans, guarantees, and insurance to support U.S. exporters in international markets, particularly when private sector financing is not available.


The '''Export–Import Bank of the United States''' ('''EXIM''') is the official [[export credit agency]] (ECA) of the [[United States federal government]].<ref name="CRS_2016_EXIM_FAQ">{{cite report |url=https://fas.org/sgp/crs/misc/R43671.pdf |title=Export-Import Bank: Frequently Asked Questions |work=[[Congressional Research Service]] |author1=Shayerah Ilias Akhtar |author2=David H. Carpenter |author3=Grant A. Driessen |author4=Julia Taylor |date=April 13, 2016 |access-date=April 21, 2017 |pages=72}}</ref><ref>{{cite web |publisher=Export-Import Bank of the United States |url=http://www.exim.gov/newsandevents/the-facts-about-ex-im-bank.cfm |title=The Facts about EXIM |url-status=dead |access-date=August 7, 2013 |archive-url=https://web.archive.org/web/20130806091437/http://exim.gov/newsandevents/the-facts-about-ex-im-bank.cfm |archive-date=August 6, 2013 }}</ref> Operating as a wholly owned federal [[government corporation]],<ref name="CRS_2016_EXIM_FAQ" /> the bank "assists in financing and facilitating U.S. [[Foreign trade of the United States|exports of goods and services]]",<ref name="CRS_2016_EXIM_FAQ" /> particularly when private sector lenders are unable or unwilling to provide financing. Its current chairman and president, [[Reta Jo Lewis]], was confirmed by the Senate on February 9, 2022.<ref>{{cite web|url=https://www.exim.gov/news/reta-jo-lewis-sworn-export-import-bank-president-and-chair|title=Reta Jo Lewis Sworn in as U.S. Export-Import Bank President and Chair}}</ref>
It is the official export credit agency (ECA) of the [[United States federal government]].<ref name="CRS_2016_EXIM_FAQ">{{cite report |url=https://fas.org/sgp/crs/misc/R43671.pdf |title=Export-Import Bank: Frequently Asked Questions |work=[[Congressional Research Service]] |author1=Shayerah Ilias Akhtar |author2=David H. Carpenter |author3=Grant A. Driessen |author4=Julia Taylor |date=April 13, 2016 |access-date=April 21, 2017 |pages=72}}</ref><ref>{{cite web |publisher=Export-Import Bank of the United States |url=http://www.exim.gov/newsandevents/the-facts-about-ex-im-bank.cfm |title=The Facts about EXIM |url-status=dead |access-date=August 7, 2013 |archive-url=https://web.archive.org/web/20130806091437/http://exim.gov/newsandevents/the-facts-about-ex-im-bank.cfm |archive-date=August 6, 2013 }}</ref> Operating as a wholly owned federal [[government corporation]],<ref name="CRS_2016_EXIM_FAQ" /> the bank "assists in financing and facilitating U.S. exports of goods and services",<ref name="CRS_2016_EXIM_FAQ" /> particularly when private sector lenders are unable or unwilling to provide financing.  


The Export-Import Bank was established in 1934 as the '''Export-Import Bank of Washington''' by an [[executive order]] of President [[Franklin D. Roosevelt]]. Its stated goal was "to aid in financing and to facilitate exports and imports and the exchange of commodities between the United States and other Nations or the agencies or nationals thereof." The bank's first transaction was a $3.8 million loan to Cuba in 1935 for the purchase of U.S. silver ingots. In 1945, it was made an [[Independent agencies of the United States government|independent agency]] within the [[Federal government of the United States|executive branch]] by [[United States Congress|Congress]].
The Export-Import Bank was established in 1934 as the '''Export-Import Bank of Washington''' by an [[executive order]] of President [[Franklin D. Roosevelt]]. Its stated goal was "to aid in financing and to facilitate exports and imports and the exchange of commodities between the United States and other Nations or the agencies or nationals thereof." The bank's first transaction was a $3.8 million loan to Cuba in 1935 for the purchase of U.S. silver ingots. In 1945, it was made an [[Independent agencies of the United States government|independent agency]] within the [[Federal government of the United States|executive branch]] by [[United States Congress|Congress]].
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Under federal law, the EXIM must be reauthorized by Congress every four to five years.<ref name=":0" /> Following a brief lapse in Congressional authorization on July 1, 2015,<ref name="House Bill 2072">{{cite web |url=http://thomas.loc.gov/cgi-bin/bdquery/z?d112:HR02072:@@@L&summ2=m& |title=Bill Summary & Status, 112th Congress (2011–2012), H.R.2072 |publisher=Library of Congress |date=May 30, 2012 |access-date=June 27, 2012 |archive-date=December 25, 2019 |archive-url=https://web.archive.org/web/20191225194237/http://thomas.loc.gov/cgi-bin/bdquery/z?d112:HR02072:@@@L&summ2=m& |url-status=dead }} which became Public Law 112-122 on May 30, 2012.</ref><ref name="House Joint Resolution 124">[https://www.congress.gov/bill/113th-congress/house-joint-resolution/124 House Joint Resolution 124], which became Public Law No: 113-164 on September 19, 2014.</ref> which prevented the bank from engaging in new business,<ref name=":1">{{cite news |url=https://www.nytimes.com/2015/07/01/business/international/though-charter-is-expiring-export-import-bank-will-keep-its-doors-open.html |title=Its Charter Expired, Export–Import Bank Will Keep the Doors Open |work=The New York Times |first=Jackie |last=Calmes |date=June 30, 2015}}</ref> it was reauthorized through September 2019 via the [[Fixing America's Surface Transportation Act]] of December 2015.<ref name=":2">{{cite news|url=https://www.nytimes.com/2015/12/08/business/ex-im-bank-is-reopened-but-big-loans-are-stalled.html |title=EXIM Is Reopened, but Big Loans Are Stalled |first=Jackie |last=Calmes |date=December 7, 2015 |work=The New York Times}}</ref> In December 2019, President Donald Trump signed the Export-Import Bank Extension into law as part of the Further Consolidated Appropriations Act, 2020, which authorized the bank until December 31, 2026.<ref name=":3">{{Cite web |title=Charter and Bylaws {{!}} EXIM.GOV |url=https://www.exim.gov/leadership-governance/charter-and-bylaws |access-date=2022-09-26 |website=www.exim.gov}}</ref>
Under federal law, the EXIM must be reauthorized by Congress every four to five years.<ref name=":0" /> Following a brief lapse in Congressional authorization on July 1, 2015,<ref name="House Bill 2072">{{cite web |url=http://thomas.loc.gov/cgi-bin/bdquery/z?d112:HR02072:@@@L&summ2=m& |title=Bill Summary & Status, 112th Congress (2011–2012), H.R.2072 |publisher=Library of Congress |date=May 30, 2012 |access-date=June 27, 2012 |archive-date=December 25, 2019 |archive-url=https://web.archive.org/web/20191225194237/http://thomas.loc.gov/cgi-bin/bdquery/z?d112:HR02072:@@@L&summ2=m& |url-status=dead }} which became Public Law 112-122 on May 30, 2012.</ref><ref name="House Joint Resolution 124">[https://www.congress.gov/bill/113th-congress/house-joint-resolution/124 House Joint Resolution 124], which became Public Law No: 113-164 on September 19, 2014.</ref> which prevented the bank from engaging in new business,<ref name=":1">{{cite news |url=https://www.nytimes.com/2015/07/01/business/international/though-charter-is-expiring-export-import-bank-will-keep-its-doors-open.html |title=Its Charter Expired, Export–Import Bank Will Keep the Doors Open |work=The New York Times |first=Jackie |last=Calmes |date=June 30, 2015}}</ref> it was reauthorized through September 2019 via the [[Fixing America's Surface Transportation Act]] of December 2015.<ref name=":2">{{cite news|url=https://www.nytimes.com/2015/12/08/business/ex-im-bank-is-reopened-but-big-loans-are-stalled.html |title=EXIM Is Reopened, but Big Loans Are Stalled |first=Jackie |last=Calmes |date=December 7, 2015 |work=The New York Times}}</ref> In December 2019, President Donald Trump signed the Export-Import Bank Extension into law as part of the Further Consolidated Appropriations Act, 2020, which authorized the bank until December 31, 2026.<ref name=":3">{{Cite web |title=Charter and Bylaws {{!}} EXIM.GOV |url=https://www.exim.gov/leadership-governance/charter-and-bylaws |access-date=2022-09-26 |website=www.exim.gov}}</ref>


Over its lifetime, the Export-Import Bank has helped finance several historic projects including the [[Pan-American Highway]], the [[Burma Road]], and post-WWII reconstruction. While supporters argue that the bank allows small and medium-sized businesses to participate in the global market, critics allege that it shows favoritism to large corporations and special interests.
Over its lifetime, the Export-Import Bank has helped finance several historic projects including the Pan-American Highway, the Burma Road, and post-WWII reconstruction. While supporters argue that the bank allows small and medium-sized businesses to participate in the global market, critics allege that it shows favoritism to large corporations and special interests.


{{Official URL (simple)|url=https://www.exim.gov}}
{{Official URL (simple)|url=https://www.exim.gov}}
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