Matches in DBpedia 2016-04 for { ?s ?p "The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States federal government. Operating as a government corporation, the bank finances and insures foreign purchases of United States goods for customers unable or unwilling to accept credit risk. According to its charter, the Ex-Im Bank does not compete with private sector lenders, but rather provides financing for transactions that would otherwise not take place because commercial lenders are either unable or unwilling to accept the political or commercial risks inherent in the deal. Its current chairman and president is Fred P. Hochberg.The bank was established in 1934 by an executive order, and made an independent agency in the Executive Branch by Congress in 1945. It was last chartered for a three-year term in 2012 and extended in September 2014 through June 30, 2015. Congressional authorization for the bank lapsed as of July 1, 2015. As a result, the bank could not engage in new business, but it continued to manage its existing loan portfolio. Five months later, following the successful employment of the rarely used discharge petition procedure in the House of Representatives, the U.S. Congress reauthorized the bank until September 2019, through a measure included in a major transportation funding bill, which was signed into law on December 4, 2015 by President Barack Obama.The cost and effectiveness of the bank are controversial. While the Ex-Im Bank projects to save the US government $14 billion over 10 years, an alternative analysis from the Congressional Budget Office found that the program would lose about $2 billion over the same period, partly due to discrepancies how credit risk is accounted for. Both conservative and liberal groups have been critical of the bank, and some continue to call for its closure. Obama was critical of the bank during his presidential candidacy, but has since become a supporter of the program."@en }
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- Export-Import_Bank_of_the_United_States abstract "The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States federal government. Operating as a government corporation, the bank finances and insures foreign purchases of United States goods for customers unable or unwilling to accept credit risk. According to its charter, the Ex-Im Bank does not compete with private sector lenders, but rather provides financing for transactions that would otherwise not take place because commercial lenders are either unable or unwilling to accept the political or commercial risks inherent in the deal. Its current chairman and president is Fred P. Hochberg.The bank was established in 1934 by an executive order, and made an independent agency in the Executive Branch by Congress in 1945. It was last chartered for a three-year term in 2012 and extended in September 2014 through June 30, 2015. Congressional authorization for the bank lapsed as of July 1, 2015. As a result, the bank could not engage in new business, but it continued to manage its existing loan portfolio. Five months later, following the successful employment of the rarely used discharge petition procedure in the House of Representatives, the U.S. Congress reauthorized the bank until September 2019, through a measure included in a major transportation funding bill, which was signed into law on December 4, 2015 by President Barack Obama.The cost and effectiveness of the bank are controversial. While the Ex-Im Bank projects to save the US government $14 billion over 10 years, an alternative analysis from the Congressional Budget Office found that the program would lose about $2 billion over the same period, partly due to discrepancies how credit risk is accounted for. Both conservative and liberal groups have been critical of the bank, and some continue to call for its closure. Obama was critical of the bank during his presidential candidacy, but has since become a supporter of the program.".
- Q1384697 abstract "The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States federal government. Operating as a government corporation, the bank finances and insures foreign purchases of United States goods for customers unable or unwilling to accept credit risk. According to its charter, the Ex-Im Bank does not compete with private sector lenders, but rather provides financing for transactions that would otherwise not take place because commercial lenders are either unable or unwilling to accept the political or commercial risks inherent in the deal. Its current chairman and president is Fred P. Hochberg.The bank was established in 1934 by an executive order, and made an independent agency in the Executive Branch by Congress in 1945. It was last chartered for a three-year term in 2012 and extended in September 2014 through June 30, 2015. Congressional authorization for the bank lapsed as of July 1, 2015. As a result, the bank could not engage in new business, but it continued to manage its existing loan portfolio. Five months later, following the successful employment of the rarely used discharge petition procedure in the House of Representatives, the U.S. Congress reauthorized the bank until September 2019, through a measure included in a major transportation funding bill, which was signed into law on December 4, 2015 by President Barack Obama.The cost and effectiveness of the bank are controversial. While the Ex-Im Bank projects to save the US government $14 billion over 10 years, an alternative analysis from the Congressional Budget Office found that the program would lose about $2 billion over the same period, partly due to discrepancies how credit risk is accounted for. Both conservative and liberal groups have been critical of the bank, and some continue to call for its closure. Obama was critical of the bank during his presidential candidacy, but has since become a supporter of the program.".