Bill Clinton Signs Sanctions Bill Making Foreign Investment In Libya Or Iran Illegal
America's European allies have threatened retaliation after President Clinton signed legislation to punish foreign companies investing in Iran and Libya. In signing the measure - and in a later speech at George Washington University - Clinton said Iran and Libya were "two of the most dangerous supporters of terrorism in the world". He urged his country's partners to join him in the fight against international terrorism but warned the United States would go it alone if they didn't. Cracking down on terrorism, President Bill Clinton signed a bill Monday that will punish foreign businesses that invest in Iran and Libya. He was joined at the signing in the Oval Office by relatives of victims of the Lockerbie bombing, Attorney General Janet Reno and Secretary of State Warren Christopher. Clinton signed each letter of his name with a different pen - they will be handed out as presidential gifts to those present at the signing. The bill came as no surprise - Libya and Iran are on the State Department list of nations supporting terrorism and the United States already bans trade with both. The new legislation requires the president to impose sanctions on foreign firms that invest 40 (m) million US dollars or more in a year in the energy sectors of Iran and Libya. "Terrorism has many faces to be sure but Iran and Libya are two of the most dangerous supporters of terrorism in the world. The sanctions bill I signed today will help deny those countries the money they need to finance <b>...</b>
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