This is historical material, "frozen in time." The web site is no longer updated and links to external web sites and some internal pages will not work.

THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release April 28, 2000

                  TEXT OF A LETTER FROM THE PRESIDENT
                         TO THE SPEAKER OF THE
                    HOUSE OF REPRESENTATIVES AND THE
                        PRESIDENT OF THE SENATE

April 28, 2000

Dear Mr. Speaker: (Dear Mr. President:)

Pursuant to section 232(c) of the Trade Expansion Act of 1962, as amended (19 U.S.C. 1862(c)), I am notifying you that I concur with the findings of the Secretary of Commerce in his report, "The Effect on the National Security of Imports of Crude Oil and Refined Petroleum Products," which determined that imports of crude oil threaten to impair the national security.

Further, I have accepted his recommendation that trade remedies not be imposed but that existing policies to enhance conservation and limit the dependence on foreign oil be continued. I am taking this action because we have already proposed additional tax credits to promote renewable and efficient sources of energy, new tax incentives to support the domestic petroleum industry, and further investments in energy-saving technologies and alternative energy sources, as the report suggested.

Sincerely,

WILLIAM J. CLINTON

# # #