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For Immediate Release: June 25, 2012
"Presidential Determination: No. 2012-10
MEMORANDUM FOR THE SECRETARY OF STATE
SUBJECT: Presidential Determination on a U.S. Export Import Bank Transaction with Vietnam
Pursuant to section 2(b)(2)(D) of the Export Import Bank Act of 1945, as amended, I determine that it is in the national interest of the United States for the Export Import Bank of the United States to extend a loan in the amount of approximately $125,870,890 to the Vietnam Post and Telecommunications Group, a wholly state owned company, for the purchase of a U.S. manufactured telecommunications and television satellite.
You are authorized and directed to publish this determination in the Federal Register.
See the 1461's comprehensive full list of the Obama Administrations Memorandum here.
Don't forget to keep an eye on the 1461's comprehencive list of President Obama's Executive Orders.
Why is the Presidential Memorandum so important and why is the 1461 tracking them?
In January of 2009 the Presidential Memorandum was given the same power as the Executive Order by the Department of Justice in a statement by U.S. Assistant Attorney General Randolph D. Moss.
In effect, it suddenly became the equal to the Executive Order with the same power.
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