ACCESSION NUMBER:265602 FILE ID:POL207 DATE:02/02/93 TITLE:CONGRESSIONAL REPORT, TUESDAY, FEBRUARY 2 (02/02/93) TEXT:*93020207.POL CONGRESSIONAL REPORT, TUESDAY, FEBRUARY 2 (Woolsey/CIA) (220) WOOLSEY FOCUSES ON ECONOMIC INTELLIGENCE James Woolsey, President Clinton's choice to head the Central Intelligence Agency (CIA), told Congress February 2 that the new administration will examine sharing economic intelligence with American companies. Woolsey said during his confirmation hearings before the Senate Intelligence Committee that the end of the Cold War leaves behind such dangers as regional conflicts, the proliferation of weapons of mass destruction, terrorism, and environmental decline. However, he told the senators, "the hottest current topic in intelligence issues" is economic spying. What is clear, said the nominee, is that the U.S. government should engage in economic counter-espionage -- advising American private businesses about economic spy threats from foreign businesses and governments. But using the intelligence apparatus to spy on foreign firms is not desirable, he declared. Less clear is whether it should be used to supply American business with routinely-acquired information about those firms, said Woolsey, calling the decision "fraught with complexities, legal difficulties, foreign policy difficulties and the rest." Panel members lauded Woolsey, who has held a number of senior U.S. government posts, and predicted his rapid confirmation by the full Senate. The committee is expected to vote February 3. NNNN .