ExecutiveOrdersEO
DetDeterminationClinton · D

Presidential Determination

Determination Under Section 2(b)(2)(D)(ii) of the Export- Import Bank Act of 1945, as Amended: People's Republic of China

President Clinton determined it was in the national interest for the Export-Import Bank to extend approximately $120 million in financing to China for non-nuclear and nuclear-related equipment and services for two units of the Qinshan II nuclear power plant. The determination was directed to be reported to Congress and published in the Federal Register.

Federal Register Open PDF 61 FR 36989

Impact dates

  1. Determination effective; Secretary of State to report to Congress and publish in Federal Register

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

Oil & gasDefense primes

Mechanisms

Subsidy / incentive

Role pressure

  • ProtectiveDomestic producer — Westinghouse receives guaranteed export financing for nuclear engineering services
  • ProtectiveEquipment supplier — Non-nuclear island balance of plant equipment suppliers benefit from Ex-Im backed sale

Geographies

USCN

Exposure dates

  • — Determination effective; Secretary of State to report to Congress and publish in Federal Register

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

BABoeingLNGCheniere EnergyCVXChevronCOPConocoPhillipsXOMExxon MobilGEVGE VernovaGDGeneral DynamicsLMTLockheed MartinNOCNorthrop GrummanRTXRTXSHELShellSLBSLB

Confidence: high · Policy alerts

Key directives

  • Authorize Ex-Im Bank to extend ~$120 million loan to China for Qinshan II nuclear power plant equipment and services
  • Report determination to Congress
  • Publish determination in Federal Register

Who is ordered

Timeline

Immediate

  • Determination takes effect upon signing June 29, 1996
  • Secretary of State directed to report to Congress and publish in Federal Register

Near term (90d)

  • Ex-Im Bank loan disbursement process may proceed

Long term

  • Qinshan II nuclear plant construction and commissioning

Risks & tensions

  • Nuclear technology transfer to China amid 1990s nonproliferation sensitivities
  • Tension between commercial promotion (Westinghouse contract) and nuclear nonproliferation objectives
  • Limited congressional notification timing—document does not specify advance notice period
Presidential Determination: Determination Under Section 2(b)(2)(D)(ii) of the Export- Import Bank Act of 1945, as Amended: People's Republic of China · Executive Orders