Presently there is a bill passed by the House on May 9th that allows for a $140 billion rise in the lending cap for the Export Import Bank. It is to go to the Senate shortly. Essentially this facilitates the bank's loan guarantees. Strangely "Conservative" Republicans have been criticizing this rise as "corporate welfare." Since banks are not lending and bond markets all but silent there is a huge demand for these guarantees. The only other player is the German Euler Hermes which signed a loan guarantee with the Indian energy group, Reliance recently to finance good and services provided by German exporters. Private providers of these loans according to the Berne Union, have seen a huge demand and ran at $1.8 trillion last year. It is rather odd that a wealthy company like Reliance needs the incentive to purchase products, but this kind of behavior is really a bribe to get the business. The general idea is that this will bring jobs to the USA.
Does the operation of the Export Import Bank really result in jobs for Americans or just corporate welfare? Common Dreams does not think so (http://www.commondreams.org/...) Wikipedia argues: The Bank has come under criticism for allegedly favoring special interests ahead of that of the U.S. taxpayer. These interests include that of heavily subsidized corporations such as Boeing or Enron as well as those of well-connected foreign governments and nationals (such as a 1996 $120 million low-interest loan to the China National Nuclear Power Corporation (CNNP)).[ Carney, Timothy (May 31, 2002). "Bank Scam". National Review. Retrieved 2007-12-19.] The majority of loan guarantees over 2007 and 2008 went to companies purchasing Boeing aircraft.[Pew Analysis Shows More Than 60 Percent of Export-Import Bank Loan Guarantees Benefited Single Company]