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

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

Impact dates

  1. 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

Timeline

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