Overseas Private Investment Corporation gave a $20 million loan to Ukrainian Porsche dealership owned by Biden 'friend' and donor | WashingtonExaminer.com

washingtonexaminer.com Published: May 8, 2014
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Congress is set to vote today on renewing the Overseas Private Investment Corporation (the renewal is tucked into the "Electrify Africa Act"), reports the Washington Examiner.



OPIC uses taxpayer backing to finance and insure American companies when they set up operations overseas.

For instance, in 2012, OPIC approved a $20 million loan to help an American businessman build a luxury car dealership in Ukraine.

H/T: Drudge Report
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