1、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. JacksonSpecia
2、list 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 guarante
3、es 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
4、 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
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