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Agency

Emergency Oil and Gas Guaranteed Loan Board

The Emergency Oil and Gas Guaranteed Loan Board was established under Chapter II of the Emergency Steel Loan Guarantee and Emergency Oil and Gas Guaranteed Loan Act of 1999 (Aug. 17, 1999, 113 Stat. 252), to oversee the activities indicated in the Emergency Oil and Gas Guaranteed Loan Program established under the same act. The Program was created to provide loan guarantees to qualified oil and gas companies, as described in the act's provisions, by private banking and investment institutions.

The Board is composed of the Secretary of Commerce, the Chairman of the Board of Governors of the Federal Reserve System, and the Chairman of the Securities and Exchange Commission.

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