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Departments & agencies

Export-Import Bank of the United States

EXIM Gov. corporationsAt-will removalSelf-funded
At a glance
Type
Government corporations
Removal of leadership
Removable at will
Appointed by
Board appointed by the President, confirmed by the Senate
Structure
5-member board · led by the President and Chairman of the Board
Term
4-year term · staggered · party-balanced
Funding
Outside annual appropriations
Independence
Direct presidential control
What it does

EXIM is a self-sustaining federal government corporation that helps U.S. companies sell goods and services abroad by providing loan guarantees, export credit insurance, and direct loans when private financing is unavailable or insufficient. It backs American exporters and the foreign buyers of U.S. products, and operates from fees rather than annual appropriations. Congress must periodically reauthorize its charter and caps its total lending authority.

TradeFinancial
How it fits
U.S. ConstitutionExport-Import Bank Act of 1945 (1945)EXIMRules & actions

Created by Congress under the Export-Import Bank Act of 1945 (12 U.S.C. §§ 635 et seq.; Pub. L. 79-173, 59 Stat. 526), it acts within the authority that statute grants. Its actions are subject to judicial review and to congressional oversight and funding.

Recent actions

View all actions on the Federal Register