The Us Export-Import Bank: A Review of the Debate Over Reauthorization

25 Pages Posted: 12 Jul 2018

See all articles by Veronique de Rugy

Veronique de Rugy

George Mason University - Mercatus Center

Andrea Castillo O'Sullivan

George Mason University - Mercatus Center

Date Written: 07/16/2014

Abstract

The Export-Import Bank of the United States is a government-owned bank that provides taxpayer-backed financing to private exporting corporations. Supporters of the bank argue that it is a critical tool to promote exports, create jobs, support small businesses, improve competitiveness, and protect taxpayers. We review the data and conclude that none of these arguments holds true. Rather, the Export-Import Bank is a protectionist agency that provides political privileges to well-connected firms at the expense of all other citizens. The federal government should not be trying to pick winners and losers through credit markets at taxpayers' risk. The charter of the bank should be allowed to expire.

Suggested Citation

de Rugy, Veronique and Castillo O'Sullivan, Andrea, The Us Export-Import Bank: A Review of the Debate Over Reauthorization (07/16/2014). MERCATUS RESEARCH, Available at SSRN: https://ssrn.com/abstract=3211641 or http://dx.doi.org/10.2139/ssrn.3211641

Veronique De Rugy (Contact Author)

George Mason University - Mercatus Center ( email )

3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States

HOME PAGE: http://www.mercatus.org/scholars/veronique-de-rugy

Andrea Castillo O'Sullivan

George Mason University - Mercatus Center ( email )

3434 Washington Blvd. 4th Floor
Arlington, VA VA 22201
United States

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