Export-Import Bank: Financing Requirements and Restrictions

The Export-Import Bank is an independent U.S. government agency that is charged with financing and promoting exports of U.S. goods and services. The Bank operates under a renewable charter, the Export-Import Bank Act of 1945, as amended, and has been authorized through September 30, 2006. Congress has amended the Bank’s charter at times to meet various objectives, primarily U.S. foreign policy and international economic goals. These amendments restrict the Bank’s activities relative to particular types of economic activities or have acted to advance other U.S. goals and objectives, such as improving workers’ rights, protecting the environment, or protecting U.S. jobs.