President Bush signed the law in January.
Its passage was held up over Bush's objections to a provision letting victims of state-sponsored terrorism sue responsible foreign governments and collect judgments by seizing their assets in the United States. Bush was concerned the provision would be applied to Iraq, so Democrats gave ground by giving the president permission to waive it for that country. He did so immediately upon signing the legislation.
Now, the administration has asked lawmakers to quickly grant Bush waiver authority for Libya.
Gordon Johndroe, Bush's national security spokesman, said the law's provision could discourage nations like Libya that have renounced the export of terrorism from now helping the United States to fight terrorism. There is potential for billions in investment by U.S. firms in Libya's oil sector, as well as in other areas.
"Commercial relationships ... provide important continuing incentives for them to cooperate with us on counterterrorism," he said. "This will deprive the U.S. of investments helpful to our economy, deny U.S. companies international business opportunities, and reduce the opportunities for us to engage with these states on a wide range of issues including claims."
No comments:
Post a Comment