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Export-Import Bank: ‘There is no definition of orderly liquidation’

By Timothy P. Carney
Published
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Export-Import Bank: ‘There is no definition of orderly liquidation’

On July 1, under law, the Export-Import Bank’s charter expired. Under law, Ex-Im is allowed to exist “as a corporate entity of the United States… for the purposes of orderly liquidation,” and no other purposes.

But is Ex-Im actually liquidating? It doesn’t appear so, according to a letter Ex-Im chairman Fred Hochberg sent Florida Sen. Marco Rubio and other conservative senators.

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Budgets and Deficits Commentary Export-Import Bank Minusextra Timothy P. Carney