Fact Sheet: National Defense Authorization Act Section 1083: A Danger to Iraq’s Progress: “President Bush intends to veto the National Defense Authorization Act for FY08 (NDAA) because particular provisions included in the bill risk imposing financially devastating hardship on Iraq that will unacceptably interfere with the political and economic progress everyone agrees is critically important to bringing our troops home.”
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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