Memorandum of Disapproval: “I am withholding my approval of H.R. 1585, the “National Defense Authorization Act for Fiscal Year 2008,” because it would imperil billions of dollars of Iraqi assets at a crucial juncture in that nation’s reconstruction efforts and because it would undermine the foreign policy and commercial interests of the United States.”
Statement by Deputy Press Secretary Scott Stanzel: “The President intends to veto H.R. 1585, the National Defense Authorization Act for Fiscal Year 2008 (“NDAA”). One provision in the bill – section 1083 – would significantly amend current law (the Foreign Sovereign Immunities Act) in ways that would imperil Iraqi assets held in the United States, including reconstruction and central bank funds.”
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