ExecutiveOrdersEO
MemoMemorandumG.W. Bush · R

Presidential Memorandum

Delegation of Functions Related to Loan Guarantees to Israel

Defense & SecurityDefense & SecurityEconomy & LaborEconomy & Labor

In simple terms

This memorandum delegates to the Secretary of State the presidential functions related to "Loan Guarantees to Israel" under the Emergency Wartime Supplemental Appropriations Act, 2003 (Public Law 108-11). It is a routine procedural delegation of authority with no policy changes or conditions attached.

Federal Register Open PDF 68 FR 54969

Record & deadlines

  1. Signed

    Signed by the President

  2. FR published

    Published in the Federal Register · 68 FR 54969

    Federal Register PDF

  3. Publication of memorandum in Federal Register

Key directives

  • Delegate presidential functions under 'Loan Guarantees to Israel' in chapter 5 of title I of Public Law 108-11 to the Secretary of State
  • Authorize and direct publication of this memorandum in the Federal Register

Who is ordered

What to expect

Immediate

  • Delegation of functions takes effect upon signing
  • Secretary of State assumes authority for loan guarantees to Israel

Near term (90d)

  • Publication of memorandum in Federal Register

Long term

  • Ongoing administration of loan guarantee program under Secretary of State

Risks & tensions

  • Standard delegation; no substantive policy tension in text
  • Contingent liability to U.S. taxpayers not quantified in document
Presidential Memorandum: Delegation of Functions Related to Loan Guarantees to Israel · Executive Orders