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      "title": "Reauthorization of the Export-Import Bank: Issues and Policy Options for Congress",
      "summary": "The Export-Import Bank of the United States (Ex-Im Bank, EXIM Bank, or the Bank), a self-sustaining agency, is the official U.S. export credit agency (ECA). It operates under a renewable charter, the Export-Import Bank Act of 1945 (P.L. 79-173), as amended. \nPotential issues for Congress in examining the Ex-Im Bank\u2019s authority include the following:\nThe economic rationale for the Bank, including the role of the federal government in export promotion and finance;\nSpecific Bank policies, such as those relating to content, shipping, economic and environmental impact analysis, and tied aid, including how these policies balance U.S. export and other policy interests;\nStatutory requirements directing the Ex-Im Bank to support certain types of exports, such as exports of small businesses and \u201cgreen\u201d technology, including the tension that such requirements can create between desiring to support specific economic sectors and allowing the Ex-Im Bank flexibility to fulfill its mission to support U.S. exports and jobs; and\nInternational developments that may affect the Bank\u2019s work, such as the growing role of emerging economies\u2019 ECAs and the sufficiency of the Organization for Economic Cooperation and Development (OECD) Arrangement on Officially Supported Export Credits to \u201clevel the playing field\u201d for U.S. exporters. \nPotential options for Congress include, but are not limited to, the following areas: \nStructure of the Bank. Congress could maintain the Ex-Im Bank as an independent agency, reorganize or privatize the functions of the Bank, or terminate the Bank. \nLength of reauthorization. Congress could extend the Bank\u2019s authority for a few years at a time (as in previous reauthorizations), for a longer period of time, or permanently reauthorize the Bank. \nBank\u2019s policies. Congress could maintain the status quo, or revise the Bank\u2019s policies, such as those related to the requirements and limitations on the Ex-Im Bank\u2019s credit and insurance activities.\nInternational ECA context. Congress could seek to enhance international regulation of official export credit activity through the OECD or other mechanisms, or enhance the Ex-Im Bank\u2019s understanding of international export credit activity and trends.\nMost recently, Congress passed H.R. 2072 to extend the Bank\u2019s authority through FY2014; previously, the Bank\u2019s authority was extended to May 31, 2012. H.R. 2072 also raises the Bank\u2019s lending authority incrementally from the previous $100 billion limit to $140 billion in FY2014, contingent on certain other requirements. In addition, H.R. 2072, among other things, includes provisions related to the Bank\u2019s domestic content policy and requirements to conduct international negotiations to reduce and eliminate official export credit activity. Prior to final action, the 112th Congress considered several other bills related to the Ex-Im Bank\u2019s authority.",
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