[Page 1106]

307. Memorandum From President Carter to Secretary of State Vance 1

Presidential Determination No. 80–15

SUBJECT

  • Determination under Subsection 2 (b) (2) of the Export-Import Bank Act of 1945, as Amended—People’s Republic of China

Pursuant to Subsection 2 (b) (2) of the Export-Import Bank Act of 1945, as amended, I determine that it is in the national interest for the Export-Import Bank of the United States to guarantee, insure, extend credit and participate in the extension of credit in connection with the purchase or lease of any product or service by, for use in, or for sale or lease to, the People’s Republic of China.

On my behalf, please transmit this determination to the Speaker of the House and to the President of the Senate.

This determination shall be published in the Federal Register.

Jimmy Carter
  1. Source: Carter Library, National Security Affairs, Brzezinski Material, Subject File, Box 50, Presidential Determinations: 8/79–5/80. No classification marking. Both Brzezinski on April 1 (Ibid.) and Tarnoff on February 1 (see Document 298) recommended that Carter sign the Presidential Determination.