Ex-Im Bank Reauthorization - Key Points
NEI Fact Sheet on the Ex-Im Bank. The Export-Import Bank of the United States (Ex-Im Bank) is one of the country’s most important tools to increase exports and create jobs. The benefits of its programs to the U.S. economy are plain: In fiscal year 2013, Ex-Im Bank authorized $27.3 billion to enable $37.4 billion in U.S. exports worldwide, thereby supporting a total of more than 205,000 American jobs. Ex-Im Bank reduces the federal deficit by hundreds of millions of dollars. In fiscal year 2013, the Bank transferred $1.06 billion in revenues to the U.S. Treasury's general fund. Doubts about Ex-Im Bank’s future hurt the competitiveness U.S. nuclear exporters today. Ex-Im has been operating under a series of short-term extensions with only a modest increase to its lending cap. A long-term extension would reassure customers of U.S. commercial nuclear exports that the Bank is reliable.