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flag The U.S. is expanding the Export-Import Bank to counter China’s export financing, boost domestic industries, and secure supply chains ahead of reauthorization.

flag The U.S. is strengthening the Export-Import Bank (EXIM) as a key tool to boost domestic industries, secure supply chains, and counter China’s state-backed export financing, with Chairman John Jovanovic testifying before Congress. flag EXIM, now central to national economic strategy, has integrated the China and Transformational Exports Program into core operations, with one in four transactions tied to it. flag Lawmakers warn that China provided $23 billion in export credit in 2024—four times more than EXIM’s support for U.S. firms—and stress the need for reauthorization before the bank’s mandate expires. flag EXIM is advancing “Project Vault,” a $12 billion public-private effort to build a strategic reserve of critical minerals. flag The bank remains profitable, returning nearly $10 billion to the Treasury and maintaining a lower default rate than private lenders. flag Small businesses receive 90% of EXIM authorizations, though outreach and internal reforms are ongoing to improve efficiency and accountability.

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