News

DATE:08/05/96
TITLE:05-08-96  TRANSCRIPT:  CLINTON SIGNS IRAN-LIBYA SANCTIONS ACT OF 1996

TEXT:
(Will help deny them the money to finance terrorism)  (900)

Washington -- President Clinton signed the Iran-Libya Sanctions Act of
1996 in the Oval Office August 5.

"We come together around a common commitment to strengthen our fight
against terrorism," Clinton said. "Terrorism has many faces, to be
sure, but Iran and Libya are two of the most dangerous supporters of
terrorism in the world. The Iran and Libya sanctions bill I sign today
will help to deny those countries the money they need to finance
international terrorism.

"It will limit the flow of resources necessary to obtain weapons of
mass destruction," the president said. "It will heighten pressure on
Libya to extradite the suspects in the bombing of Pan Am Flight 103."

Following is the official transcript:

(begin transcript)

August 5, 1996

REMARKS BY THE PRESIDENT
AT SIGNING CEREMONY
FOR IRAN-LIBYA SANCTIONS ACT OF 1996

The Oval Office
9:42 A.M. EDT

CLINTON: Good morning, ladies and gentlemen. It's good to be joined
today by Senator D'Amato and Congressmen Cardin, Gejdenson, Gilman,
King and Matsui; family members of the victims of Pan Am Flight 103;
and two brave Americans who suffered the nightmare of being taken
hostage in the Middle East.

We come together around a common commitment to strengthen our fight
against terrorism. Terrorism has many faces, to be sure, but Iran and
Libya are two of the most dangerous supporters of terrorism in the
world. The Iran and Libya sanctions bill I sign today will help to
deny those countries the money they need to finance international
terrorism. It will limit the flow of resources necessary to obtain
weapons of mass destruction. It will heighten pressure on Libya to
extradite the suspects in the bombing of Pan Am Flight 103.

From the skies over Lockerbie to Khobar Towers, from the World Trade
Center to Centennial Park, America has felt the pain of terrorism
abroad and at home. From the Tokyo subway to the streets of Tel Aviv,
we know that no nation is immune. We have not yet solved all these
tragedies; we will not rest until we do so. But one thing is clear: to
succeed in this battle we need to wage it together, as one America
leading the community of civilized nations.

Our nation is fighting terrorism on three fronts: first, abroad,
through closer cooperation with our allies; second, at home, by giving
our law enforcement officials the most powerful counter-terrorism
tools available; and, third, by improving security in our airports and
on our airplanes. Last week in Paris, with America's leadership, the
G-7 nations and Russia agreed on a sweeping set of measures to prevent
terrorists from acting and to catch them when they do. We have seen
that when we pool our strength we can obtain results. We will continue
to press our allies to join with us in increasing the pressure on Iran
and Libya to stop their support of terrorists. We already have acted
ourselves, through our own sanctions, and with this legislation we are
asking our allies to join with us more effectively.

With this legislation we strike hard where it counts, against those
who target innocent lives and our very way of life. It shows we are
fully prepared to act to restrict the funds to Iran and Libya that
fuel terrorist attacks. America will not rest, and I resolve to hunt
down, prosecute, and punish terrorists and to put pressure on states
that support them. The survivors of terrorism, the families of its
victims who surround me and all the American people, deserve nothing
less.

(The bill was signed.)

QUESTION: Mr. President, France says the Europeans will retaliate if
this measure is implemented.

CLINTON: Well, of course, that's their decision to make. But every
advanced country is going to have to make up its mind whether it can
do business with people by day who turn around and fuel attacks on
their innocent civilians by night. That's a decision that every
country is going to have to make.

I will say this, I am encouraged that we are doing more with our
allies than before to fight terrorism and that there is broader
agreement than there has been before on specific measures. But in
extreme cases where we disagree and where it is obvious that basically
turning away from the implications of state support of terrorism has
not worked, the United States has to act. And I can only hope that
some day soon, all countries will come to realize that you simply
can't do business with people by day who are killing your people by
night.

Q: Mr. President, what do you think of Senator Dole's apparent plan to
cut taxes 15 percent, 50 percent on capital gains and so forth. Will
it hurt you?

CLINTON: Well, the most important thing is will it hurt the American
people. And I favor targeted tax cuts for education that are paid for.
I am unalterably opposed to going back to the mistake we made before
in having big tax cuts that are not paid for. It will balloon the
deficit, raise interest rates, and weaken the economy. That's the only
thing that matters -- what impact will it have on the American people.

(end transcript)
NNNN

.