Here is a press release from the White House.   Text of President Clinton's Letter to Congress on Iranian Assets  To: National Desk  Contact: White House Press Office, 202-456-2100     WASHINGTON, May 14  -- Following is a letter President Clinton wrote to Congress on Iranian Assets:    TO THE CONGRESS OF THE UNITED STATES:         I hereby report to the Congress on developments since the   last Presidential report on November 10, 1992, 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 March 31, 1993.  The last report, dated   November 10, 1992, covered events through October 15, 1992.         1.  There have been no amendments to the Iranian   Transactions Regulations ("ITRs"), 31 CFR Part 560, or to the   Iranian Assets Control Regulations ("IACRs"), 31 CFR Part 535,   since the last report.         2.  The Office of Foreign Assets Control ("FAC") of the   Department of the Treasury continues to process applications   for import licenses under the ITRs.  However, as previously   reported, recent amendments to the ITRs have resulted in a   substantial decrease in the number of applications received   relating to the importation of nonfungible Iranian-origin goods.         During the reporting period, the Customs Service has   continued to effect numerous seizures of Iranian-origin   merchandise, primarily carpets, for violation of the import   prohibitions of the ITRs.  FAC and Customs Service investi-   gations 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.  Since the last report, the Tribunal has rendered   12 awards, for a total of 545 awards.  Of that total, 367 have   been awards in favor of American claimants:  222 of these were   awards on agreed terms, authorizing and approving payment of   settlements negotiated by the parties, and 145 were decisions   adjudicated on the merits.  The Tribunal has issued 36 decisions   dismissing claims on the merits and 83 decisions dismissing   claims for jurisdictional reasons.  Of the 59 remaining awards,   3 approved the withdrawal of cases, and 56 were in favor of   Iranian claimants.  As of March 31, 1993, awards to successful   American claimants from the Security Account held by the   NV Settlement Bank stood at $2,340,072,357.77.         As of March 31, 1993, the Security Account has fallen   below the required balance of $500 million 36 times.  Iran has   periodically replenished the account, as required by the Algiers   Accords, by transferring funds from the separate account held by   the NV Settlement Bank in which interest on the Security Account   is deposited.  Iran has also replenished the account with the   proceeds from the sale of Iranian-origin oil imported into the   United States, pursuant to transactions licensed on a case-by-   case basis by FAC.  Iran has not, however, replenished the   account since the last oil sale deposit on October 8, 1992.   The aggregate amount that has been transferred from the Interest   Account to the Security Account is $874,472,986.47.  As of   March 31, 1993, the total amount in the Security Account was   $216,244,986.03, and the total amount in the Interest Account   was $8,638,133.15.         4.  The Tribunal continues to make progress in the   arbitration of claims of U.S. nationals for $250,000.00 or more.   Since the last report, nine large claims have been decided.   More than 85 percent of the nonbank claims have now been   disposed of through adjudication, settlement, or voluntary   withdrawal, leaving 76 such claims on the docket.  The larger   claims, the resolution of which has been slowed by their   complexity, are finally being resolved, sometimes with sizable   awards to the U.S. claimants.  For example, two claimants were   awarded more than $130 million each by the Tribunal in October   1992.         5.  As anticipated by the May 13, 1990, agreement settling   the claims of U.S. nationals for less than $250,000.00, the   Foreign Claims Settlement Commission ("FCSC") has continued its   review of 3,112 claims.  The FCSC has issued decisions in   1,201 claims, for total awards of more than $22 million.  The   FCSC expects to complete its adjudication of the remaining   claims in early 1994.         6.  In coordination with concerned Government agencies,   the Department of State continues to present United States   Government claims against Iran, as well as responses by the   United States Government to claims brought against it by Iran.   In November 1992, the United States filed 25 volumes of   supporting information in case B/1 (Claims 2 & 3), Iran's claim   against the United States for damages relating to its Foreign   Military Sales Program.  In February of this year, the United   States participated in a daylong prehearing conference in  several other cases involving military equipment.  Iran also   filed a new interpretative dispute alleging that the failure   of U.S. courts to enforce an award against a U.S. corporation   violated the Algiers Accords.         7.  As reported in November, Jose Maria Ruda, President of   the Tribunal, tendered his resignation on October 2, 1992.  No   successor has yet been named.  Judge Ruda's resignation will   take effect as soon as a successor becomes available to take up   his duties.         8.  The situation reviewed above continues to involve   important diplomatic, financial, and legal interests of the   United States and its nationals.  Iran's policy behavior   presents challenges to the national security and foreign   policy of the United States.  The IACRs issued pursuant to   Executive Order No. 12170 continue to play an important role   in structuring our relationship with Iran and in enabling   the United States to implement properly the Algiers Accords.   Similarly, the ITRs issued pursuant to Executive Order No. 12613   continue to advance important objectives in combatting inter-   national terrorism.  I shall exercise the powers at my disposal   to deal with these problems and will report periodically to the   Congress on significant developments.                            WILLIAM J. CLINTON     THE WHITE HOUSE,       May 14, 1993.   -30-