S 1102 IS
of the United States, and the people of the United
(2) Banks and other financial institutions that
provide trade facilitation credit also profit from ex-
port subsidies such as loan guarantees and trade in-
(3) International trade finance is well developed
and supplied by the private sector at competitive
rates that reflect market conditions.
(4) The Export-Import Bank of the United
States is an agency of the United States Govern-
ment that subsidizes exports by insuring or guaran-
teeing trade facilitation loans and other credit from
private financial institutions and by providing direct
loans to exporters in the United States.
(5) Export subsidies impose risks on the tax-
payers of the United States.
(6) In a June 2012 report, the Congressional
Budget Office found, using accurate, fair value esti-
mation, that the expected return of the Export-Im-
port Bank of the United States was less than
of the estimate under the current, flawed method-
ology used pursuant to the Federal Credit Reform
Act of 1990 (2 U.S.C. 661 et seq.).
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j b e l l o n D S K 7 S P T V N 1 P R O D w i t h B I L L S