As the deadline for reauthorization of the Export-Import Bank of the United States draws near, Congress is faced with a choice of whether to keep the Bank or allow its charter to expire. Policymakers are carefully reconsidering the assumptions, mission, and activities of the federal government’s official export credit corporation in order to make an informed, fact-based decision.

1. The Ex-Im Bank: Can Congress
Tackle Cronyism's Lowest-Hanging
Fruit?
Veronique de Rugy

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Why Should Anyone Care About
The Ex-Im Bank?

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The Ex-Im Bank Is
Cronyism at Its Worst

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Myths About The Ex-Im Bank

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Myth #1:
It Promotes Exports

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Myth #2:
It Creates Jobs

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Myth #2:
It Creates Jobs

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Myth #3:
It Promotes Small Businesses

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Myth #4:
It Is Profitable

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Myth #4:
It Is Profitable

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Myth #5:
It Is Necessary to Counter Other
Countries’ Export Subsidies

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The Ex-Im Bank Has
Millions of Unseen Victims

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Ex-Im’s Unseen Victims Include:
• Foreign buyers without a subsidy
• Domestic firms
• Consumers
• Taxpayers

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What’s Next?
• Expiration of Ex-Im’s current
authorization (June)
• All It takes is to do nothing
• Possible reform options

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Questions?
Contact me at
vderugy@mercatus.gmu.edu
@veroderugy

27. Bridging the gap between academic ideas and real-world problems