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Emergency Steel Guarantee Loan Board

The Emergency Steel Loan Guarantee Board was established under Chapter I 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 Steel Loan Guarantee Program established under the same act. The Program is designated to provide guaranteed loans to qualified steel and iron ore companies by private banking and investment institutions. The Board is composed of the Chairman of the Federal Reserve Board, the Chairman on the Securities and Exchange Commission, and the Secretary of the Commerce Department.

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