Pursuant to a congressional request, GAO reviewed the U.S. Export-Import Bank's (Eximbank) compliance with the small business set-aside provision of the Export-Import Bank Act of 1945, focusing on: (1) the quality of Eximbank small business data; (2) the amount of export financing Eximbank made available directly to small businesses; (3) whether Eximbank properly included indirect financing to subcontractors in its small business set-aside calculation; and (4) recent developments in Eximbank efforts to assist small businesses.
Matter for Congressional Consideration
|If Congress intends that only direct assistance to small businesses be included in calculating Eximbank compliance with the set-aside requirement, it may wish to consider amending the Export-Import Bank Act to provide Eximbank with more specific guidance on this matter.||This recommendation was acted upon by Congress, and the President, on October 21, 1992, signed implementing legislation.|
Recommendations for Executive Action
|Export-Import Bank of the United States||1. The Chairman, Eximbank, should review the accuracy and reliability of its small business data, including the collection and verification of data and the estimates used.|
|Export-Import Bank of the United States||2. The Chairman, Eximbank, should report separately on direct and indirect assistance to small businesses in its annual reports, unless or until the legislation is made more explicit.|