loan guarantees

Foreign Affairs Committee Considers Israel Loan Guarantee Extension

03/18/2012

Leaders of the U.S. House of Representatives Foreign Affairs Committee introduced legislation that would extend a program providing loan guarantees to the State of Israel.

Chairwoman Ileana Ros-Lehtinen (R-Fla.) and Ranking Member Howard Berman (D-Calif.) introduced legislation on Friday that would allow loan guarantees to help Israel raise private funds at lower interest rates.

The program was initiated in 2003 and was extended in 2006 for an additional five years. The new bill calls for an extension that will run through the end of the fiscal year in 2015.

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