The Export-Import Bank of the United States (Ex-Im Bank) is an independent government agency founded in 1934 in an effort to encourage U.S. exports. In 2010, Ex-Im Bank provided $24.4 billion in taxpayer-backed direct loans, guarantees, and export-credit insurance to private firms and foreign governments. Whatever its original intent may have been, today Ex-Im Bank is an obvious example of corporate welfare. Denying Ex-Im Bank’s charter, which is up for renewal in 2011, would eradicate a regressive, wasteful institution whose time has passed.