The COVID Project
The record
- Jurisdiction
- United States; Export-Import Bank of the United States (federal export credit agency)
- Level
- Federal
- Authority
- 12 U.S.C. § 635a(c)
- Issued
- 2020-03-25 Mar. 25, 2020
- Effective
- 2020-03-25 (approved for one year) (read as 2020-03-25)
- End
- Extended by the Board to April 2022 (Ex. 097) (read as 2021-09-30)
- In force
- Mar. 25, 2020 to Sept. 30, 2021
- Quarters
- 2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Supply chainOther
- Addressees
- U.S. exporters, their suppliers and the commercial lenders financing them
- Functions reached
- BL and trade finance (banks' supply-chain and working-capital facilities under EXIM guarantee)
- SC supply chains of exporters
- OP
- CB exporters and their suppliers
- Collection
- Federal financial regulators AGY-FED-FINANCIAL
Operative words
FOR IMMEDIATE RELEASE March 25, 2020... [The EXIM Board of Directors unanimously voted to approve four temporary relief measures:] Bridge Financing Program; Pre-Delivery / Pre-Export Financing Program; Supply Chain Financing Guarantee Program; and Working Capital Guarantee Program [expansions]... Bridge Financing Program [provides temporary EXIM financing where commercial financing has become unavailable].
Enforcement
Program terms under 12 U.S.C. § 635
Notes
The federal export credit agency's finding on March 25, 2020 that private trade finance had withdrawn and that exporters' supply chains and pre-export production needed federal support; a Q3 2021 instrument by virtue of Ex. 097
Retrieval noteRendered from the April 3, 2020 Wayback capture of the EXIM release.