Abolish the Export–Import Bank
The chapter’s lead essay concludes EXIM should be abolished as corporate welfare that redistributes exports/jobs, risks taxpayers, and fails as a China-competition weapon—citing quiescence during the 2015–2019 quorum lapse when exports still grew.
Mandate
Mandate Ch. 23 (Export–Import Bank) — Veronique de Rugy essay ‘The Export–Import Bank Should Be Abolished’: ‘The Bank should be abolished’; conclusion: abolish because it wastes taxpayer money, adversely affects American businesses, and does not promote growth; attempts to reorient it as a China weapon will fail.
Undo plan
1) Reauthorize EXIM with additionality, default, and small-business concentration reforms rather than abolition if export-credit gaps remain.
2) If winding down, stage run-off of existing guarantees to avoid borrower cliffs.
3) Replace any lost sovereign-guarantee capacity with transparent alternative tools only where private finance is unavailable.
4) Codify taxpayer-first recovery rules in any successor regime.
5) Verify: export volumes, SME share, and default exposure during transition.