United States Government Publishing Office
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United States
Government Accountability Office
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Government Organization
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government publication
eng
GAOREPORTS
Legislative Agency Publications
gao
legislative
2010-08-12
U.S. Government Printing Office
2008-01-17
monographic
deposited
born digital
17 p.
GA 1.13:GAO-08-419T
https://www.govinfo.gov/app/details/GAOREPORTS-GAO-08-419T
P0b002ee18039c98e
f:d08419t
DGPO
2010-08-12
2011-03-28
GAOREPORTS-GAO-08-419T
machine generated
eng
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REPORT
GAOREPORTS-GAO-08-419T
GAO-08-419T
Bank loans
Banking law
Data integrity
Exporting
Financial management
Internal controls
Off-budget federal entities
Reporting requirements
Small business
Small business assistance
Statistical data
Statutory law
Testimony
A79889
Export Promotion: Export-Import Bank Has Met Target for Small Business Financing Share
The Export-Import Bank (Ex-Im) provides loans, loan guarantees,
and insurance to support U.S. exports. Its level of support for
small business has been a long-standing issue of congressional
interest. In 2002, Congress increased the proportion of financing
Ex-Im must make available for small business to 20 percent. In
2006, Congress directed Ex-Im to make organizational changes
related to small business and to better evaluate its small
business efforts. This statement discusses (1) trends in Ex-Im's
small business financing since fiscal year 2000 and (2) the
weaknesses GAO found in the tracking and reporting of Ex-Im's
small business financing and the steps Ex-Im has taken to address
them. This testimony is based primarily on GAO's March 2006
report (GAO-06-351) concerning Ex-Im's small business program. In
that report, we recommended that Ex-Im (1) improve the data it
maintains on its customers with regard to their small business
status; (2) improve its system for estimating the value and
proportion of direct small business support for those
transactions where the exporter is not known at the time of
authorization; (3) more accurately determine and clearly report
the number of transactions that directly benefit small business;
and (4) have its auditor audit Ex-Im's reporting of its direct
support for small business. Ex-Im agreed with three of the four
recommendations. We discuss the actions Ex-Im has taken to
implement our suggestions in this statement.
https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-08-419T/html/GAOREPORTS-GAO-08-419T.htm
https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-08-419T/pdf/GAOREPORTS-GAO-08-419T.pdf
GAO-08-419T
https://www.govinfo.gov/app/details/GAOREPORTS-GAO-08-419T
Testimony
GAO-08-419T; Export Promotion: Export-Import Bank Has Met Target for Small Business Financing Share;
Bank loans
Banking law
Data integrity
Exporting
Financial management
Internal controls
Off-budget federal entities
Reporting requirements
Small business
Small business assistance
Statistical data
Statutory law
United States Public Law 181 (98th Congress)
Public Law 98-181
United States Public Law 189 (107th Congress)
Public Law 107-189