Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
You have 5 more viewings!
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
You have 4 more viewings!
You have 2 more viewings.
Unfortunately, you have no more viewings.
The Ex-Im Bank has been deeply involved in historically significant projects and transactions, including the constructions of the Pan-American Highway and Burma Road. Essentially, the Ex-Im Bank assists U.S. companies in their exports to provide them with an advantage against foreign companies, particularly if those foreign companies receive their own subsidies from their governments. The Ex-Im Bank was responsible for supporting up to 1.2 million jobs over the past five years. In 2013 alone, that number was 205,000. (The bank employs fewer than 500 people.) The Bank provided $27 billion to support an estimated $37.4 billion in U.S. export sales in fiscal year 2013 and has returned $1.6 billion back to the U.S. Treasury since 2008 in excess revenue.
Its reauthorization throughout history has not been controversial. Fourteen of the 16 times its reauthorization has come up for a vote, it has passed by either unanimous consent or voice vote in at least one chamber of Congress. But over the last two years, the Bank has come under increasingly intense scrutiny because opponents have latched on to the cause the bank provides "corporate welfare." The House of Representatives has held several contentious hearings and has only a limited amount of time to act before the charter expires. For more information about ISRI’s role in supporting the reauthorization of the Ex-Im Bank, please contact Billy Johnson.