Cato Is Wrong on Ex-Im Bank: Congress Should Stand Up for American Exports and Jobs and Reauthorize the Bank

The Cato Institute’s March 13 attack on the Export-Import Bank of the United States (Ex-Im Bank) ignores fundamental competitive realities facing U.S. businesses, both large and small, that seek to export and parrots timeworn arguments that are fundamentally flawed.

Cato first asserts that the Bank’s mandate to “fill gaps in trade finance” conflicts with another mandate in the Bank’s Charter to require “reasonable risk of repayment.” But Cato ignores the reality faced by commercial banks to not only manage risk but also maximize profit for its shareholders.

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