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GGD-92-1R 1 (1992-03-11)

handle is hein.gao/gaobacjze0001 and id is 1 raw text is: United States GAO Genera Accounting Offie Washington, D.C. 20548 General Government Division B-247638lB1111111 March 11, 1992 146109 The Honorable Norman Sisisky, Chairman The Honorable Larry Combest, Ranking Minority Member Subcommittee on Exports, Tax Policy, and Special Problems Committee on Small Business House of Representatives As you requested, we are reviewing the U.S. Export-Import Bank's (Eximbank) compliance with the small business set- aside provision of the Export-Import Bank Act of 1945, as amended.' Since 1986, the Eximbank has been required to set aside 10 percent of its aggregate loan, guarantee, and insurance budget authority to finance small business exports. It is also required to report on these activities. In calculating and reporting on export financing provided to small businesses, the Eximbank includes indirect financing--Eximbank financing provided to large exporters that employ small business subcontractors. You asked us to calculate the amount of export financing the Eximbank provides directly to small businesses, excluding amounts provided to large exporters that employ small business subcontractors. Although we have not completed our review, we described our preliminary results to members of the Subcommittee staff, who asked that we convey these initial findings to you as soon as possible. We will issue a report after we have completed all audit work. The Eximbank's fiscal year 1991 data have not yet been published but will be included in our report. 'As cited in 12 U.S.C. 635(b)(1)(E)(v) and 635(g). GAO/GGD-92-1R Eximbank Small Business Support 1

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