Mr. President. I want to mention one other program in the supplementalthe provision of $400 million in loan guarantees to Israel for a housing program to absorb tens of thousands of Soviet Jewish refugees. This is a credit guaranty. and no appropriation of new funds is necessary. Under this language the United States will guarantee. through its Housing Investment Guaranty Program. loans Israel will contract in the commercial financial markets. The only risk to the United States is if Israel defaults on payments. and Israel has never defaulted on its loan payments before. There is one issue related to the Israel Housing Guaranty Program that is of concern to mewhether any of this loan guaranty assistance could be used to support or expand Israeli settlements in the West Bank or Gaza.
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refugees