Summary of the Meeting of the Board of Directors
Date Scheduled
Completed
Agenda
- OPEN:
- State Department Vetting of EXIM Transactions
Review Required: None
Decision Required: Approval
John Connor - Assistant General Counsel for Fraud and Compliance
- State Department Vetting of EXIM Transactions
- CLOSED: NONE
Date Posted
Summary of Minutes
EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF (PM) MEETING OF BOARD OF DIRECTORS
JANUARY 14, 2021
- ITEM NO. 1
- State Department Vetting of EXIM Transactions. Approval of the "State Department Vetting Procedures" setting forth the procedures required by Section 408 of the EXIM Charter, as well as the procedures for State Department review of all EXIM transactions greater than $25 million. The "State Department Vetting Procedures" includes the guidance for determining whether the "government of China", as defined in Section 408, owns or controls an obligor, lender or end-user in loan or guarantee transactions greater than $25 million.
Review Required: None
Decision Required: Approval
Board Decision: APPROVED. Chairman Reed, Director Bachus
and Director Pryor all voted to in favor of the recommendation.