Bush Signs Measure Curbing Arms Sales
President Bush on Tuesday signed post-Iran-Contra legislation banning U.S. foreign aid and commercial arms sales to countries supporting international terrorism.
The State Department has specified states supporting terrorism as Cuba, Iran, Libya, North Korea, South Yemen and Syria.
In a written statement, Bush said he wished “to re-emphasize this nation’s strong determination to oppose international terrorists and the states that support them.”
Under the new law, the President may waive the ban on arms sales to certain countries if he certifies to Congress that the sale is essential to U.S. security.
The legislation provides for criminal penalties of 10 years in prison, a $1-million fine and $500,000 in civil penalties for violators.
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