The Export-Import Bank's Financing of Dual-Use Exports
GAO-12-628R: Published: Apr 12, 2012. Publicly Released: Apr 12, 2012.
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What GAO Found
This report identifies (1) the dual-use exports, if any, that Ex-Im financed in fiscal years 2010 through 2011 and (2) the end uses of any such exports. Ex-Im did not finance any dual-use exports in fiscal years 2010 and 2011, according to our review of relevant data on Ex-Im authorizations.
Why GAO Did This Study
Since October 1994, the Export-Import Bank of the United States (Ex-Im) has had statutory authority to provide loans, guarantees, and insurance to facilitate the financing of U.S. exports of defense articles and services, provided that Ex-Im determines that these items are nonlethal and primarily meant for civilian use. These dual-use exports include items such as vehicles used by the military mainly for civilian or humanitarian purposes. Legislation providing this authority requires us to report annually on the end uses of dual-use exports financed by Ex-Im during the second preceding fiscal year.
We are not making any recommendations in this report.
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