Share “Overseas Private Investment Corporation...”

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
Advertisement

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
See this story on washingtonexaminer.com

AROUND THE WEB

  1. 1
    Robert Bates' self-reported records appear to support allegations he patrolled before obtaining...
  2. 2
    Dispute: Was Cecil the lion's brother, Jericho, killed?
  3. 3
    An Oklahoma Immigrant's Experience, Recast As Noir, In 'Dragonfish'
  4. 4
    Summer well spent: Youths shadow professionals in mentoring program
  5. 5
    Norman residents disturbed after seeing vulgar, racist graffiti on homes, vehicles
+ show more

FEATURED JOBS



× Trending politics Article