History Of Exsim

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First, this Comment will review the background of ExIm and its purpose. Next, it provides background information on the mechanics of the Bank and explains the financing of exports. Third, this Comment analyzes whether the Bank′s financing scheme is helpful or harmful to U.S exporters and whether ExIm has the desired economic affect. Finally, this Comment concludes by arguing that ExIm should not be reauthorized, and offers an alternative to reauthorization.
I. BACKGROUND
A. History
ExIm is a banking corporation sponsored and wholly owned by the federal government. Established by Roosevelt by executive order in 1934, the Bank facilitates and finances U.S. exports. The first Export-Import Bank, named the First Export-Import Bank of

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