Congress looks to extend Israel's loan guarantees

US House Foreign Affairs Committee files legislation to extend $3.8 billion in guarantees until 2015.

WASHINGTON – The top members of the House Foreign Affairs Committee (HFAC) on Friday filed legislation to extend Israel’s loan guarantees.

The bill, widely expected to pass, would give Israel until 2015 to use $3.8 billion in guarantees left over from the original $9 billion in guarantees granted in 2003.

“We in Congress continue to stand with Israel to help safeguard its financial security,” said Howard Berman, HFAC ranking member, in a statement announcing the filing of the legislation.

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