[Code of Federal Regulations]
[Title 12, Volume 4]
[Revised as of January 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR408.1]

[Page 516-517]
 
                       TITLE 12--BANKS AND BANKING
 
           CHAPTER IV--EXPORT-IMPORT BANK OF THE UNITED STATES
 
PART 408_PROCEDURES FOR COMPLIANCE WITH THE NATIONAL ENVIRONMENTAL 
POLICY ACT--Table of Contents
 
                            Subpart A_General
 
Sec. 408.1  Background.




                            Subpart A_General

Sec.
408.1 Background.
408.2 Purpose.
408.3 Applicability.

               Subpart B_Eximbank Implementing Procedures

408.4 Early involvement in foreign activities for which Eximbank 
          financing may be requested.
408.5 Ensuring environmental documents are actually considered in Agency 
          decision-making.
408.6 Typical classes of action.
408.7 Environmental information.

    Authority: National Environmental Policy Act of 1969; 42 U.S.C. 4321 
et seq.

    Source: 44 FR 50811, Aug. 30, 1979, unless otherwise noted.

[[Page 517]]



    (a) The National Environmental Policy Act (NEPA) of 1969 (42 U.S.C. 
4321 et seq.) establishes national policies and goals for the protection 
of the environment. Section 102(2) of NEPA contains certain procedural 
requirements directed toward the attainment of such goals. In 
particular, all Federal agencies are required to give appropriate 
consideration to the environmental effects of their proposed actions in 
their decision-making and to prepare detailed environmental statements 
on recommendations or reports on proposals for legislation and other 
major Federal Actions significantly affecting the quality of the human 
environment.
    (b) Executive Order 11991 of May 24, 1977, directed the Council on 
Environmental Quality (CEQ) to issue regulations to implement the 
procedural provisions of NEPA (NEPA Regulations). Accordingly, CEQ 
issued final NEPA Regulations which are binding on all Federal agencies 
as of July 30, 1979 (40 CFR parts 1500 through 1508) on November 29, 
1979. These Regulations provide that each Federal agency shall as 
necessary adopt implementing procedures to supplement the NEPA 
Regulations. Section 1507.3(b) of the NEPA Regulations identifies those 
sections of the NEPA Regulations which must be addressed in agency 
procedures.