Mr. Speaker. Israel. has absorbed over a million refugees from the former Soviet Union and Ethiopia. The economic ramifications of clothing and housing these people could prove disastrous. the cost to Israel being between $45 and $50 billion over the next 5 years. The refugees have been arriving in numbers way beyond what Israel can handle in such a short period of time. On September 6. 1991. the administration asked Congress to delay consideration of the loan guarantees for 120 days so as to allow the peace talks to begin with one less barrier. The 120 days are up and it is time to keep a promise. not only to the Congress but to the Israeli Government.
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refugees