Bob Riha, Jr. / Reuters

Protecting America’s Competitive Advantage

Why the Export-Import Bank Matters

Two months from now, the U.S. Congress may shutter a government agency that, in the past six years, has supported more than 1.3 million American jobs and generated more than $2 billion in deficit-reducing profits. The Export-Import Bank of the United States empowers American exporters by equipping those that cannot access private financing with credit insurance and working capital, among other tools. For more than 80 years, the bank has operated largely without controversy. With overwhelming bipartisan majorities, Congress has reauthorized the bank 16 times. But last September, with its congressional authorization set to expire, the bank found itself the subject of fierce ideological …

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