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Keep the Export-Import Bank to counter China

Mandate for Leadership: The Conservative Promise, chapter 23, p. 726. Written by Veronique de Rugy, Jennifer Hazelton.

Keep the Export-Import Bank to counter China

The document says “should”Who acts: CongressHow: legislationIn: The Case for the Export–Import Bank · Jennifer Hazeltonp. 726 in the PDF
What the document says

“To ignore these changes and leave the United States without its own export financing weapon is to resign the United States to a reduced role in world geopolitical affairs”

Mandate for Leadership: The Conservative Promise, p. 726

This is the case made by the chapter's second essay. It argues that China's export credit activity exceeds that of the G7 combined, that China is the world's largest official creditor, that it does not follow the rules-based order governing export credit, and that allied export credit agencies have drawn manufacturing away from American soil. It records that President Reagan opposed the bank as a candidate and changed his position in office.

What the document actually says

“To ignore these changes and leave the United States without its own export financing weapon is to resign the United States to a reduced role in world geopolitical affairs”

Mandate for Leadership: The Conservative Promise, p. 726
That sentence, in plain words

Without this bank, America would count for less in the world. That is the second essay's case.

What this is about

China lends huge sums to other countries. So do allies. This essay says America needs the same tool. Without it, American firms lose deals.

What is disputed
What this means is contested

The chapter itself contains the opposing case. The first essay, by Veronique de Rugy, argues the bank should be abolished and that using it against China will fail. Neither is presented as the chapter's conclusion.

Read against the documents indexed here on August 26, 2026, and nothing was found that answers this. The bank remains open and several orders put it to work, but none of them answers this argument on its terms. EO 14415 mentions the bank only to protect existing Project Vault lending from the order's sourcing requirements. No indexed action reauthorizes the bank, raises its lending capacity, or directs it to match the official export credit of other countries, which is what the essay asks for. The financing directives elsewhere in the record, covering critical minerals, nuclear exports and drone exports, are framed around supply chain security and export promotion rather than as an answer to foreign export credit agencies. That is a record of a search, not a finding that nothing has happened: an act this site does not hold, or one that answers the proposal in words unlike its own, would not be caught by it.

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How to cite this
  1. The document itself

    Mandate for Leadership: The Conservative Promise, edited by Paul Dans and Steven Groves (The Heritage Foundation, 2023), p. 726.
    https://static.heritage.org/project2025/2025_MandateForLeadership_FULL.pdf

  2. This page

    “Keep the Export-Import Bank to counter China,” Project 2025, chapter 23, p. 726. Read the Mandate, https://readthemandate.org/project-2025/proposal/ch23-keep-eximbank-against-china/ (retrieved October 7, 2026).

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