Mr. President. I rise today in support of the Israel loan guarantee amendment offered by the Senator from Wisconsin and the Senator from Hawaii . This amendment. which was introduced in the Senate on Wednesday. October 2. 1991. would help Israel with the enormous costs it is incurring through its absorption of thousands of Soviet and Ethiopian Jews. This legislation will allow Israel to borrow the necessary funds to resettle the arriving refugees. The loan guarantees are not grants or loans from the U.S. Treasury. rather a guarantee to the private sector lenders that the U.S. Government will stand surety for the loans.
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refugees