Speech #930160709

The committee has carefully reviewed the Presidents request and has imposed a number of limitations and conditions on the Presidents authority under this provision. I would now like to turn to the question of the amendment that my colleague. the gentleman from Ohio is to offer to those provisions of title IV of this bill. In effect.. his amendment would restore to the original Vanik language the limitation on the extension of credits to those countries which are found to have restrictive and undesirable emigration policies. If my memory serves me correctly. the amendment that the gentleman from Ohio proposed. which established appropriate emigration policies as a condition for the extension of nondiscriminatory treatment to certain Communist countries was unanimously approved by the committee without the credit limitations. The issue of whether the credit limitation language should be included was resolved negatively by the committee on the grounds that our committee does not have jurisdiction over foreign credit matters. Nevertheless. the members of our committee decided not to object to a vote of reinstituting the credit limitation language to Mr. VANIKS overall language on freedom of emigration and EastWest trade. Thus. before the Rules Committee we were neutral on the issue of the rule permitting a vote on the Vanik credit limitaticn amendment. This country is now making some credit available to the Soviet Union.