Export-Import Bank Rises from the Grave

Some of us had hoped the problems facing the Export-Import bank in 2015 would have shut it down, but it is back up and running as of January, 2020.

Here you can see who the beneficiaries are. As the biggest beneficiary, we would expect Boeing to lobby for the bank’s survival. Their lobbying did indeed bump in 2015. On the particular re-authorization bill, the three largest beneficiaries to loan guarantees, Boeing, Caterpillar and General Electric are all in the top-ten list of contributors. Bechtel, the largest beneficiary of direct loans, lobbies less and did not provide reports or testimony to the re-authorization bill, but then they are also a much smaller company, with about $20 billion in annual revenue.