Financial Services GOPVerified account

.@FinancialCmte 4) ExIm uses the proceeds from fees & interest from FOREIGN purchasers of US products to finance exports.

@FinancialCmte 1a) Yes, ExIm Bank does support jobs, as thousands of companies around the country are letting members know.

@FinancialCmte 1b) The "shift" of resources is FROM foreign buyers of US products TO the US.

.@FinancialCmte 2a) ExIm in fact creates a profit for taxpayers. Even CBO's flawed fair value accounting paper shows a profit from loans.

.@FinancialCmte 5) Exactly -- ExIm is limited & only used judiciously, in certain sectors and emerging/developing markets. That's good.

@FinancialCmte 2b) Did you also endorse CBO's estimates of the costs of the ACA? (Or, should we just forget about that?)

@FinancialCmte 3) You're right - not enough small businesses export. And fewer will export if you close the ExIm Bank.