H 5356 CONGRESSIONAL RECORD—HOUSE May 18, 1995

the Fairport National Fish Hatchery

Conveyance; and H.R., 535, the Corning

National Fish Hatchery Conveyance.

We then plan to take up the rule and

begin consideration of H.R. 1561, the

American Overseas Interest Act.

On Wednesday and Thursday, the

House will meet at 10 a.m. to continue

consideration of H.R. 1561. We intend to

finish H.R. 1561 on Thursday afternoon,

and it is our hope to have Members on

their way home to their families and

their districts for the Memorial Day

district work period by 3 p.m., Thursday.

The House will not be in session on

Friday.

Mr. GEPHARDT. I would say to the

gentleman I know of his interest in fish

hatcheries and trying to improve fishing conditions all over the country. So

I know of the importance of this legislation to the gentleman and to other

people who are so interested around

the country.

I would like to ask when the first

vote would be expected on Tuesday, approximately what time?

Mr. ARMEY. I thank the gentleman.

We are instructing people to be prepared for a vote as early as 12 o’clock

on Tuesday next.

Mr. GEPHARDT. I would like to ask

the gentleman if he could advise us

when the last vote might be expected

on Tuesday.

Mr. ARMEY. Tuesday evening we expect the last vote to be between 6 and

6:30.

Mr. GEPHARDT. I thank the gentleman. Could you also advise us what

rule he would expect on the American

Overseas Interest Act?

Mr. ARMEY. The Committee on

Rules will meet on Monday. We anticipate a time-structured rule, but one

that is as open as possible for the benefit of our Members.

Mr. GEPHARDT. And, finally, I

would ask the majority leader, when

we return from the Memorial Day recess, will we return for votes on Monday, June 5, or do you think it will be

on Tuesday, June 6?

Mr. ARMEY. I appreciate the gentleman’s interest. We have not yet resolved that, and the gentleman is correct to make the inquiry. We will try

to get that resolved and announce it

next week.

Mr. GEPHARDT. I thank the gentleman.

ADJOURNMENT OF THE HOUSE

UNTIL MONDAY, MAY 22, 1995

fMr. ARMEY. Mr. Speaker, I ask

unanimous consent that when the

House adjourns today, it adjourn to

meet at noon on Monday next.

The SPEAKER pro tempore. Is there

objection to the request of the gentleman from Texas?

HOUR OF MEETING ON TUESDAY,

There was no objection.

MAY 23, 1995

fMr. ARMEY. Mr. Speaker, I ask

unanimous consent that when the

House adjourns on Monday, May 22,

1995, it adjourn to meet at 10:30 a.m. on

Tuesday, May 23, for morning hour debates.

The SPEAKER pro tempore. Is there

objection to the request of the gentleman from Texas?

DISPENSING WITH CALENDAR

There was no objection.

WEDNESDAY BUSINESS ON

fWEDNESDAY NEXT

Mr. ARMEY. Mr. Speaker, I ask

unanimous consent that the business

in order under the Calendar Wednesday

rule be dispensed with on Wednesday

next.

The SPEAKER pro tempore. Is there

objection to the request of the gentleman from Texas?

REPORT ON NATIONAL EMERThere was no objection.

GENCY WITH RESPECT TO IRAN—

fMESSAGE FROM THE PRESIDENT

OF THE UNITED STATES (H. DOC.

NO. 104–77)

The SPEAKER pro tempore (Mr.

WALKER) laid before the House the following message from the President of

the United States; which was read and,

without objection, referred to the Committee on International Relations and

ordered to be printed:

To the Congress of the United States:

I hereby report to the Congress on

developments since the last Presidential report on November 18, 1994,

concerning the national emergency

with respect to Iran that was declared

in Executive Order No. 12170 of November 14, 1979, and matters relating to Executive Order No. 12613 of October 29,

1987. This report is submitted pursuant

to section 204(c) of the International

Emergency Economic Powers Act, 50

U.S.C. 1703(c), and section 505(c) of the

International Security and Development Cooperation Act of 1985, 22 U.S.C.

2349aa–9(c). This report covers events

through April 18, 1995. It discusses only

matters concerning the national emergency with respect to Iran that was declared in Executive Order No. 12170 and

matters relating to Executive Order

No. 12613. Matters relating to the

March 15, 1995, Executive Order regarding a ban on investment in the petroleum sector, and the May 6, 1995, Executive Order regarding new trade sanctions, will be covered in separate reports. My last report, dated November

18, 1994, covered events through October 18, 1994.

1. There have been no amendments to

the Iranian Transactions Regulations,

31 CFR Part 560, or to the Iranian Assets Control Regulations, 31 CFR Part

535, since the last report.

2. The Office of Foreign Assets Control (‘‘OFAC’’) of the Department of

the Treasury continues to process applications for import licenses under the

Iranian Transactions Regulations.

However, a substantial majority of

such applications are determined to be

ineligible for licensing and, consequently, are denied.

During the reporting period, the U.S.

Customs Service has continued to effect numerous seizures of Iranian-origin merchandise, primarily carpets, for

violation of the import prohibitions of

the Iranian Transactions Regulations.

OFAC and Customs Service investigations of these violations have resulted

in forfeiture actions and the imposition

of civil monetary penalties. Additional

forfeiture and civil penalty actions are

under review.

3. The Iran-United States Claims Tribunal (the ‘‘Tribunal’’), established at

The Hague pursuant to the Algiers Accords, continues to make progress in

arbitrating the claims before it. However, since my last report, the Tribunal

has not rendered any awards although

payments were received by claimants

in late November for awards rendered

during the prior reporting period.

Thus, the total number of awards remains at 557. Of this total, 373 have

been awards in favor of American

claimants. Two hundred twenty-five

(225) of these were awards on agreed

terms, authorizing and approving payment of settlements negotiated by the

parties, and 150 were decisions adjudicated on the merits. The Tribunal

has issued 38 decisions dismissing

claims on the merits and 85 decisions

dismissing claims for jurisdictional

reasons. Of the 59 remaining awards,

three approved the withdrawal of cases

and 56 were in favor of Iranian claimants. As of April 18, 1995, the Federal

Reserve Bank of New York reported

that the value of awards to successful

American claimants for the Security

Account held by the NV Settlement

Bank stood at $2,365,160,410.39.

Iran has not replenished the Security

Account since October 8, 1992, and the

Account has remained continuously

below the balance of $500 million required by the Algiers Accords since November 5, 1992. As of April 10, 1995, the

total amount in the Security Account

was $191,219,759.23, and the total

amount in the Interest Account was

$24,959,218.79.

The United States continues to pursue Case A/28, filed in September 1993,

to require Iran to meet its obligations

under the Algiers Accords to replenish

the Security Account. Iran has yet to

file its Statement of Defense in that

case.

4. The Department of State continues

to present United States Government

claims against Iran, in coordination

with concerned government agencies,

and to respond to claims brought

against the United States by Iran.

On April 18, 1995, the United States

filed the first of two parts of its consolidated submission on the merits in

Case B/61. Case B/61 involves a claim by

Iran for compensation with respect to