; in fiscal year 2018, EXIM authorized $3,300,000,000 in financing and supported an estimated 33,000 United States jobs. (4) By its charter, it is the policy of the United States that the Export-Import Bank of the United States should not compete with the private sector, but rather to fill export financing gaps through its insurance, loan guarantee, and direct lending programs when the private sector is unable or unwilling to do so. (5) With more than 100 export credit agencies globally, the Export-Import Bank of the United States, if appropriately utilized, can level the playing field to ensure that United States companies will not lose out on a sale of United States exports because of financing terms offered by foreign governments. (6) In fiscal year 2018, 90.5 percent of the Export-Import Bank of the United States’ authorizations directly supported small businesses, including 315 small businesses that used the Export-Import Bank of the United States for the first time. (7) In fiscal year 2014, when the Export-Import Bank of the United States was last fully operational, EXIM authorized $751,000,000 to support minority- and women-owned business exports. (8) In fiscal year 2018, the Export-Import Bank of the United States approved $451,400,000 in support of minority- or woman-owned businesses, which accounted for 21 percent of total small business authorizations. (9) The charter of the Export-Import Bank of the United States requires the Bank to lend only if there exists reasonable assurance that it will be repaid, and Congress subjects EXIM to statutory restrictions and oversight to safeguard its fiscal soundness, limit mismanagement, and prevent corruption. (10) EXIM was last reauthorized in December 2015, and its charter expires September 30, 2019. (11) Despite bicameral support for the Bank’s reauthorization in 2015, the Senate did not confirm the directors of EXIM until May 2019. As a result, the Bank did not have a quorum and could not approve transactions over $10,000,000. 4. Renaming of the Export-Import