ExecutiveOrdersEO
MemoMemorandumG.W. Bush · R

Presidential Memorandum

Assignment of Functions with Respect to Loan Guarantees to Egypt

This memorandum delegates presidential authority for loan guarantees to Egypt from the President to the Secretary of State under the Emergency Wartime Supplemental Appropriations Act, 2003. It is a routine administrative reassignment of statutory functions.

Federal Register Open PDF 70 FR 55013

Impact dates

  1. Publication in Federal Register

Key directives

  • Assign to Secretary of State the presidential functions relating to loan guarantees to Egypt under Public Law 108-11
  • Publish this memorandum in the Federal Register

Who is ordered

Timeline

Immediate

  • Delegation of presidential authority to Secretary of State takes effect

Near term (90d)

—

Long term

  • Ongoing administration of loan guarantees to Egypt by State Department

Risks & tensions

  • Routine delegation with limited transparency on loan guarantee terms; no specified conditions or oversight mechanisms in text
Presidential Memorandum: Assignment of Functions with Respect to Loan Guarantees to Egypt · Executive Orders