EX-IM Bank

SBEA has been an outspoken proponent of an active, case pro-small-business Export-Import Bank of the U.S. as a critical resource for small exporters who rely on Ex-Im’s financing and insurance products.

SBEA IN ACTION

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EX-IM BANK TIMELINE

June 30, 2015 - Ex-Im Bank charter expires
Sept. 2014 - Ex-Im Bank charter is extended to June 30, 2015 as part of a stopgap government funding Continuing Resolution.
2012- Congress passed the Export-Import Bank Reauthorization Act of 2012 (P.L. 112-122) to reauthorize Ex-Im through FY2014, September 30, 2014.
2011- The 112th Congress extended Ex-Im Bank’s authority through May 2012 with the FY2012 Consolidated Appropriations Act (P.L. 112-74).
2007- Ex-Im Bank became a self-sustaining (self-funding) agency
2006- The Export-Import Bank Reauthorization Act of 2006 (P.L. 109-438) was signed into law, extending the Bank’s authority through FY2011, Sept. 30, 2011
2002- Passage of the Export-Import Reauthorization Act of 2002 (P.L. 107-189) renewed the bank’s charter through FY2006, and included new rules for the provision of loans and insurance.
1997- Congress passed the Export-Import Bank Reauthorization Act of 1997 (P.L. 105-121) to extend the authority of the Bank through FY 2001.
1968- The Bank’s name changed to "Export-Import Bank of the United States” with the signing of P.L. 90-267.
1945- Congress established the Bank’s status as an independent U.S. government agency with passage of the Export-Import Bank Act of 1945 (P.L. 79-173).
1945- Congress established the Bank’s status as an independent U.S. government agency with passage of the Export-Import Bank Act of 1945 (P.L. 79-173).
1935- 1936- Ex-Im Banks Merged: Congress combined the first and second Export-Import Banks.
March 1934- Creation of Second Export-Import Bank: President Roosevelt created a Second Export-Import Bank of Washington with Executive Order 6638, to aid trade with Cuba. The Bank’s first transaction extended $3.8 million to Cuba for the purchase of silver ingots.
February 1934- The Export-Import Bank of Washington Established: President Franklin D. Roosevelt by Executive Order 6581 established the Export-Import Bank of Washington to finance U.S. trade with the newly-recognized Soviet Union.