GAO’s reports and testimonies give Congress, federal agencies, and the public timely, fact-based, non-partisan information that can improve government operations and save taxpayers billions of dollars.
The Export-Import Bank (EXIM) of the United States provides financing to support U.S. jobs and companies selling U.S. goods and services abroad.
EXIM requires companies applying for certain financing to self-certify that they do not have delinquent federal debt.
The Export-Import Bank helps finance U.S. companies' exports when private lenders are unable or unwilling to do so. The Bank is backed by the U.S. government—so taxpayers could be responsible for financial losses.
U.S. agencies partner with nonprofit organizations to deliver humanitarian assistance around the world.
Unstable or high-conflict areas, where aid is often needed, have a higher risk of financial crimes such as money laundering and terrorism financing.
The Export-Import Bank helps finance U.S. companies' exports. According to its policy, the Bank generally cannot finance defense goods and services unless they are nonlethal and primarily used for civilian rather than military purposes (i.e., dual use).
The Export-Import Bank of the United States helps U.S. companies that want to sell to foreign buyers but can’t get private financing. According to the Bank, its programs support tens of thousands of U.S. jobs annually. However, the Bank is backed by the U.S.
What GAO Found The structures of the 16 terrorism insurance programs GAO reviewed generally fell into three broad categories. Programs in the first category have a multilayered structure, with insurers, reinsurers (which offer insurance for insurers), and governments providing coverage.
What GAO Found According to a generalizable sample GAO reviewed, company disclosures filed with the Securities and Exchange Commission (SEC) for the first time in 2014 in response to the SEC conflict minerals disclosure rule indicated that most companies were unable to determine the source of their conflict...