Delegation of Functions Related to Loan Guarantees to Israel

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

Impact dates

Date TBD
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

Secretary of State · Department of State

Timeline

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