More information on wholly owned government corporations, including OPIC. Tell me to stop if I'm boring you :-)
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A wholly owned government corporation is a corporate entity established by Congress in which the government holds all equity. Most of these entities are listed in the Government Corporation Control Act (1945). The Act does not serve as a general incorporation law; each of these corporations have their own enabling legislation that stipulates its powers. Fourteen wholly owned government corporations are listed in the Government Corporation Control Act. They are as follows: [Source: From the U.S. Code Online via GPO Access. GPO comment: Laws in effect as of January 6, 1999. Document not affected by Public Laws enacted between January 6, 1999 and February 11, 2000.]
Overseas Private Investment Corporation (OPIC)
OPIC's mission is "to mobilize and facilitate the participation of United States private capital and skills in the economic and social development of less developed countries and areas, and countries in transition from nonmarket to market economies, thereby complementing the development assistance objectives of the United States." [Source: www.opic.gov]
In a similar vein:
Export-Import Bank of the United States
Ex-Im Bank's mission is to create jobs through exports. It is the official credit agency of the U. S. Government. It provides guarantees of working capital loans for U.S. exporters, guarantees the repayment of loans or makes loans to foreign purchasers of U.S. goods and services. Ex-Im Bank also provides credit insurance that protects U.S. exporters against the risks of non-payment by foreign buyers for political or commercial reasons. Ex-Im Bank does not compete with commercial lenders, but assumes the risks they cannot accept. It must always conclude that there is reasonable assurance of repayment on every transaction financed. [Source:
http://www.exim.gov/mover.html] An added bonus
Presidio Trust
The trust is a wholly-owned government corporation established by the 1996 Omnibus Parks and Public Lands Management Act to maintain and lease property at the Presidio in San Francisco. In 1996, the U.S. Congress created the Presidio Trust to preserve and enhance the Presidio in partnership with the National Park Service. Congress also mandated that the Trust become financially self-sufficient by fiscal year 2013. If the Trust fails in this mission, the park may be transferred to the General Services Administration and sold. [Source: www.presidiotrust.gov/about/index.asp
http://www.libsci.sc.edu/bob/class/clis734/webguides/corp.html Thank you I believe every fact should be posted unfortunately I can not do all the research and reference posting I would like to do.
No you do not bore me. you have done most of the work with OPIC I just decided the time had come to start doing something more than jsut posting on Free Republic. to write a letter and see if I could get a few more people to write letters.
If you and i could make the decisions we would do it but teh uS cnstitution delegates the powers of interstae commerce to the Federal Government.