THE WHITE HOUSE
Office of the Press Secretary
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.
WILLIAM J. CLINTON
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