ExecutiveOrdersEO
DetDeterminationG.W. Bush · R

Presidential Determination

Presidential Determination on Transfer of Economic Support Funds to the Overseas Private Investment Corporation To Establish a Loan Guarantee Program

Economy & LaborEconomy & LaborTradeTrade

In simple terms

President Bush determined that $5 million in Economic Support Funds could be transferred to the Overseas Private Investment Corporation (OPIC) Program Account to establish a loan guarantee program, citing authority under a 2006 appropriations act. The Secretary of State was directed to publish this determination in the Federal Register.

Federal Register Open PDF 72 FR 39723

Record & deadlines

  1. Signed

    Signed by the President

  2. FR published

    Published in the Federal Register · 72 FR 39723

    Federal Register PDF

  3. Federal Register publication

Key directives

  • Transfer $5 million in Economic Support Funds to OPIC Program Account
  • Merge funds subject to OPIC account terms and conditions
  • Publish determination in Federal Register

Who is ordered

What to expect

Immediate

  • Determination takes effect upon signing
  • Transfer of $5 million authorized

Near term (90d)

  • Federal Register publication required

Long term

  • Loan guarantee program established with transferred funds

Risks & tensions

  • Specific foreign policy purpose of loan guarantee program not stated in text
  • Small dollar amount ($5M) limits structural impact
Presidential Determination: Presidential Determination on Transfer of Economic Support Funds to the Overseas Private Investment Corporation To Establish a Loan Guarantee Program · Executive Orders