Monday, June 9, 2008

Iraq Liberation Act of 1998

H.R.4655
Iraq Liberation Act of 1998 (Enrolled Bill (Sent to President))



Bill Summary & Status for the 105th Congress


H.R.4655
Public Law: 105-338 (10/31/98)
SPONSOR: Rep Gilman (introduced 09/29/98)

RELATED BILLS: S.2525

TITLE(S):


SHORT TITLE(S) AS INTRODUCED:
Iraq Liberation Act of 1998
SHORT TITLE(S) AS PASSED HOUSE:
Iraq Liberation Act of 1998

SHORT TITLE(S) AS ENACTED:
Iraq Liberation Act of 1998

OFFICIAL TITLE AS INTRODUCED:
A bill to establish a program to support a transition to democracy in Iraq.
STATUS: Floor Actions
10/31/98 Public Law 105-338 (11/12/98 CR D1205)
10/20/98 Measure presented to President (10/21/98 CR H11704)
10/20/98 Enrolled Measure signed in Senate (CR S12718)
10/19/98 Enrolled Measure signed in House (CR H11546)
10/07/98 Measure passed Senate (CR S11812)
10/07/98 Measure considered in Senate (CR S11811-11812)
10/07/98 Measure called up by unanimous consent in Senate (CR S11811)
10/05/98 Measure passed House, amended, roll call #482 (360-38) (CR H9494)
10/05/98 Measure considered in House (CR H9486-9494)
10/05/98 Measure called up under motion to suspend rules and pass in House (CR H9486)

STATUS: Detailed Legislative Status

House Actions
Sep 29, 98:
Referred to the House Committee on International Relations.
Oct 2, 98:
Committee Consideration and Mark-up Session Held.
Oct 2, 98:
Committee Agreed to Seek Consideration Under Suspension of the Rules, (Amended) by Voice Vote.
Oct 5, 98:
Called up by House under suspension of the rules.
Considered by House as unfinished business.
Passed House (Amended) by Yea-Nay Vote: 360 - 38 (Roll No. 482).
Senate Actions
Oct 6, 98:
Received in the Senate, read twice.
Oct 7, 98:
Passed Senate without amendment by Unanimous Consent.
Oct 8, 98:
Message on Senate action sent to the House.
Executive Actions
Oct 7, 98:
Cleared for White House.
Oct 20, 98:
Presented to President.
Oct 31, 98:
Became Public Law No: 105-338.
Signed by President.
STATUS: Congressional Record Page References



10/01/98 Introductory remarks on Measure (CR E1857)
10/05/98 Full text of Measure as passed House printed (CR H9486-9487)

COMMITTEE(S):


COMMITTEE(S) OF REFERRAL:
House International Relations
AMENDMENT(S):
***NONE***

COSPONSORS(1):

Rep Cox - 09/29/98


SUMMARY:

(REVISED AS OF 10/05/98 -- Passed House, amended)

Iraq Liberation Act of 1998 - Declares that it should be the policy of the United States to seek to remove the Saddam Hussein regime from power in Iraq and to replace it with a democratic government.

Authorizes the President, after notifying specified congressional committees, to provide to the Iraqi democratic opposition organizations: (1) grant assistance for radio and television broadcasting to Iraq; (2) Department of Defense (DOD) defense articles and services and military education and training (IMET); and (3) humanitarian assistance, with emphasis on addressing the needs of individuals who have fled from areas under the control of the Hussein regime. Prohibits assistance to any group or organization that is engaged in military cooperation with the Hussein regime. Authorizes appropriations.

Directs the President to designate: (1) one or more Iraqi democratic opposition organizations that meet specified criteria as eligible to receive assistance under this Act; and (2) additional such organizations which satisfy the President's criteria.

Urges the President to call upon the United Nations to establish an international criminal tribunal for the purpose of indicting, prosecuting, and imprisoning Saddam Hussein and other Iraqi officials who are responsible for crimes against humanity, genocide, and other criminal violations of international law.

Expresses the sense of the Congress that once the Saddam Hussein regime is removed from power in Iraq, the United States should support Iraq's transition to democracy by providing humanitarian assistance to the Iraqi people and democracy transition assistance to Iraqi parties and movements with democratic goals, including convening Iraq's foreign creditors to develop a multilateral response to the foreign debt incurred by the Hussein regime.







H.R.4655
Iraq Liberation Act of 1998 (Enrolled Bill (Sent to President))


One Hundred Fifth Congress

of the

United States of America

AT THE SECOND SESSION
Begun and held at the City of Washington on Tuesday,

the twenty-seventh day of January, one thousand nine hundred and ninety-eight

An Act

To establish a program to support a transition to democracy in Iraq.


Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the `Iraq Liberation Act of 1998'.

SEC. 2. FINDINGS.

The Congress makes the following findings:

(1) On September 22, 1980, Iraq invaded Iran, starting an 8 year war in which Iraq employed chemical weapons against Iranian troops and ballistic missiles against Iranian cities.

(2) In February 1988, Iraq forcibly relocated Kurdish civilians from their home villages in the Anfal campaign, killing an estimated 50,000 to 180,000 Kurds.

(3) On March 16, 1988, Iraq used chemical weapons against Iraqi Kurdish civilian opponents in the town of Halabja, killing an estimated 5,000 Kurds and causing numerous birth defects that affect the town today.

(4) On August 2, 1990, Iraq invaded and began a 7 month occupation of Kuwait, killing and committing numerous abuses against Kuwaiti civilians, and setting Kuwait's oil wells ablaze upon retreat.

(5) Hostilities in Operation Desert Storm ended on February 28, 1991, and Iraq subsequently accepted the ceasefire conditions specified in United Nations Security Council Resolution 687 (April 3, 1991) requiring Iraq, among other things, to disclose fully and permit the dismantlement of its weapons of mass destruction programs and submit to long-term monitoring and verification of such dismantlement.

(6) In April 1993, Iraq orchestrated a failed plot to assassinate former President George Bush during his April 14-16, 1993, visit to Kuwait.

(7) In October 1994, Iraq moved 80,000 troops to areas near the border with Kuwait, posing an imminent threat of a renewed invasion of or attack against Kuwait.

(8) On August 31, 1996, Iraq suppressed many of its opponents by helping one Kurdish faction capture Irbil, the seat of the Kurdish regional government.

(9) Since March 1996, Iraq has systematically sought to deny weapons inspectors from the United Nations Special Commission on Iraq (UNSCOM) access to key facilities and documents, has on several occasions endangered the safe operation of UNSCOM helicopters transporting UNSCOM personnel in Iraq, and has persisted in a pattern of deception and concealment regarding the history of its weapons of mass destruction programs.

(10) On August 5, 1998, Iraq ceased all cooperation with UNSCOM, and subsequently threatened to end long-term monitoring activities by the International Atomic Energy Agency and UNSCOM.

(11) On August 14, 1998, President Clinton signed Public Law 105-235, which declared that `the Government of Iraq is in material and unacceptable breach of its international obligations' and urged the President `to take appropriate action, in accordance with the Constitution and relevant laws of the United States, to bring Iraq into compliance with its international obligations.'.

(12) On May 1, 1998, President Clinton signed Public Law 105-174, which made $5,000,000 available for assistance to the Iraqi democratic opposition for such activities as organization, training, communication and dissemination of information, developing and implementing agreements among opposition groups, compiling information to support the indictment of Iraqi officials for war crimes, and for related purposes.


SEC. 3. SENSE OF THE CONGRESS REGARDING UNITED STATES POLICY TOWARD IRAQ.

It should be the policy of the United States to support efforts to remove the regime headed by Saddam Hussein from power in Iraq and to promote the emergence of a democratic government to replace that regime.

SEC. 4. ASSISTANCE TO SUPPORT A TRANSITION TO DEMOCRACY IN IRAQ.

(a) AUTHORITY TO PROVIDE ASSISTANCE- The President may provide to the Iraqi democratic opposition organizations designated in accordance with section 5 the following assistance:

(1) BROADCASTING ASSISTANCE- (A) Grant assistance to such organizations for radio and television broadcasting by such organizations to Iraq.

(B) There is authorized to be appropriated to the United States Information Agency $2,000,000 for fiscal year 1999 to carry out this paragraph.

(2) MILITARY ASSISTANCE- (A) The President is authorized to direct the drawdown of defense articles from the stocks of the Department of Defense, defense services of the Department of Defense, and military education and training for such organizations.

(B) The aggregate value (as defined in section 644(m) of the Foreign Assistance Act of 1961) of assistance provided under this paragraph may not exceed $97,000,000.

(b) HUMANITARIAN ASSISTANCE- The Congress urges the President to use existing authorities under the Foreign Assistance Act of 1961 to provide humanitarian assistance to individuals living in areas of Iraq controlled by organizations designated in accordance with section 5, with emphasis on addressing the needs of individuals who have fled to such areas from areas under the control of the Saddam Hussein regime.

(c) RESTRICTION ON ASSISTANCE- No assistance under this section shall be provided to any group within an organization designated in accordance with section 5 which group is, at the time the assistance is to be provided, engaged in military cooperation with the Saddam Hussein regime.

(d) NOTIFICATION REQUIREMENT- The President shall notify the congressional committees specified in section 634A of the Foreign Assistance Act of 1961 at least 15 days in advance of each obligation of assistance under this section in accordance with the procedures applicable to reprogramming notifications under section 634A.

(e) REIMBURSEMENT RELATING TO MILITARY ASSISTANCE-

(1) IN GENERAL- Defense articles, defense services, and military education and training provided under subsection (a)(2) shall be made available without reimbursement to the Department of Defense except to the extent that funds are appropriated pursuant to paragraph (2).

(2) AUTHORIZATION OF APPROPRIATIONS- There are authorized to be appropriated to the President for each of the fiscal years 1998 and 1999 such sums as may be necessary to reimburse the applicable appropriation, fund, or account for the value (as defined in section 644(m) of the Foreign Assistance Act of 1961) of defense articles, defense services, or military education and training provided under subsection (a)(2).

(f) AVAILABILITY OF FUNDS- (1) Amounts authorized to be appropriated under this section are authorized to remain available until expended.

(2) Amounts authorized to be appropriated under this section are in addition to amounts otherwise available for the purposes described in this section.

(g) AUTHORITY TO PROVIDE ASSISTANCE- Activities under this section (including activities of the nature described in subsection (b)) may be undertaken notwithstanding any other provision of law.

SEC. 5. DESIGNATION OF IRAQI DEMOCRATIC OPPOSITION ORGANIZATION.

(a) INITIAL DESIGNATION- Not later than 90 days after the date of the enactment of this Act , the President shall designate one or more Iraqi democratic opposition organizations that the President determines satisfy the criteria set forth in subsection (c) as eligible to receive assistance under section 4.

(b) DESIGNATION OF ADDITIONAL ORGANIZATIONS- At any time subsequent to the initial designation pursuant to subsection (a), the President may designate one or more additional Iraqi democratic opposition organizations that the President determines satisfy the criteria set forth in subsection (c) as eligible to receive assistance under section 4.

(c) CRITERIA FOR DESIGNATION- In designating an organization pursuant to this section, the President shall consider only organizations that--

(1) include a broad spectrum of Iraqi individuals, groups, or both, opposed to the Saddam Hussein regime; and

(2) are committed to democratic values, to respect for human rights, to peaceful relations with Iraq's neighbors, to maintaining Iraq's territorial integrity, and to fostering cooperation among democratic opponents of the Saddam Hussein regime.

(d) NOTIFICATION REQUIREMENT- At least 15 days in advance of designating an Iraqi democratic opposition organization pursuant to this section, the President shall notify the congressional committees specified in section 634A of the Foreign Assistance Act of 1961 of his proposed designation in accordance with the procedures applicable to reprogramming notifications under section 634A.

SEC. 6. WAR CRIMES TRIBUNAL FOR IRAQ.

Consistent with section 301 of the Foreign Relations Authorization Act, Fiscal Years 1992 and 1993 (Public Law 102-138), House Concurrent Resolution 137, 105th Congress (approved by the House of Representatives on November 13, 1997), and Senate Concurrent Resolution 78, 105th Congress (approved by the Senate on March 13, 1998), the Congress urges the President to call upon the United Nations to establish an international criminal tribunal for the purpose of indicting, prosecuting, and imprisoning Saddam Hussein and other Iraqi officials who are responsible for crimes against humanity, genocide, and other criminal violations of international law.

SEC. 7. ASSISTANCE FOR IRAQ UPON REPLACEMENT OF SADDAM HUSSEIN REGIME.

It is the sense of the Congress that once the Saddam Hussein regime is removed from power in Iraq, the United States should support Iraq's transition to democracy by providing immediate and substantial humanitarian assistance to the Iraqi people, by providing democracy transition assistance to Iraqi parties and movements with democratic goals, and by convening Iraq's foreign creditors to develop a multilateral response to Iraq's foreign debt incurred by Saddam Hussein's regime.
SEC. 8. RULE OF CONSTRUCTION.

Nothing in this Act shall be construed to authorize or otherwise speak to the use of United States Armed Forces (except as provided in section 4(a)(2)) in carrying out this Act .
Speaker of the House of Representatives.
Vice President of the United States and President of the Senate.

"I sold my Chevron," he says. "I sold my ConocoPhillips. I sold my Statoil. I sold my ENSCO. I sold my Pioneer Natural Resources. I sold everything."

Saturday, June 07, 2008
Will the Oil Bubble Burst?

Eleven years ago, after doing a lot of studying and a lot of thinking, Richard Rainwater convinced himself that the long decline in oil prices that had begun in the early 1980s was about to end. As a billionaire who had made his name and fortune steering the Texas oil riches of Fort Worth's Bass family into lucrative nonenergy investments like Disney stock, Rainwater had the wherewithal to act on his conviction. So he plunked down about $300 million of his own money on energy-company stocks and oil and gas futures.

For a while it looked like a boneheaded move. At the end of 1998, the price of oil fell below $10 per bbl. Regular gas sold for 90¢ a gal. While Internet billionaires were being minted to the right and left of him, Rainwater was getting poorer by the day.

You can guess the rest of the story. The dotcoms imploded; the price of oil climbed, climbed and climbed some more--and Rainwater's energy bet came to look like one of the better investment calls of our time. It has netted him about $2 billion, vaulting him from the mid-200s on Forbes magazine's 1999 list of the 400 richest Americans to No. 91 last summer (with $3.5 billion overall).

So guess what Rainwater did a few weeks ago, right after oil prices topped $129 per bbl. for the first time? "I sold my Chevron," he says. "I sold my ConocoPhillips. I sold my Statoil. I sold my ENSCO. I sold my Pioneer Natural Resources. I sold everything."
In the end, all bubbles burst. In the fullness of time, so will this one.

Friday, June 6, 2008

Columbia Healthcare (which merged with HCA)......

June 5, 2008 10:55
Richard Rainwater turns bearish on oil. For now
Posted by Justin Fox | Comments (0) | Permalink | Trackbacks (0) | Email This
Billionaire investor Richard Rainwater has turned bearish on oil. Only temporarily bearish, mind you, but it still struck me as big enough news to write my column about this week. It's not online just yet (update: now it is), but in the interest of serving this blog's readers with the freshest possible news (and because Time's PR folks are about to start flogging the story), here are the basics:

Rainwater made his name managing the investments of the oil-rich Bass family of Fort Worth in the 1980s, steering them most famously into Disney stock when Disney absolutely was not cool. Then he struck out on his own, bankrolled the creation of hospital rollup Columbia Healthcare (which merged with HCA, after which some bad stuff happened, but let's not get into that here), and married Darla Moore (famously christened by Fortune as the "Toughest Babe in Business"). Then, in about 1997, he became convinced that oil prices would start rising soon, and committed much of his fortune to betting on that rise.

That bet has paid off to the tune of about $2 billion, a success that has been documented in detail in the pages of Fortune not once but twice.

I was working on a column on whether the price of oil has gotten ahead of itself or not, I remembered those Fortune stories, and I thought it might be interesting to hear what Rainwater thought of all the talk of an oil bubble. I asked Oliver Ryan, author of the most recent of those articles, to introduce me. Oliver called Rainwater, and reported back that Rainwater had something pretty interesting to tell me.

That he did. "I sold my Chevron," he said in the first few seconds of our phone conversation. "I sold my ConocoPhillips. I sold my Statoil. I sold my ENSCO. I sold my Pioneer Natural Resources. I sold everything."

Rainwater did this, he said, right after the price of oil passed $129 a barrel, which happened on May 20. He did it because he thinks oil demand is headed down in the U.S. as Americans change their habits in reaction to $4 gas. He remains a believer in peak oil; he just thinks prices have risen so much that we're due for a significant correction--after which he'll start buying into oil again.

Interestingly, Rainwater does not buy into the argument that "index speculators" (pension funds, endowments, and other institutional investors that have been buying into commodity indexes) are a big factor in the recent price rises. He also doesn't think it's the fault of oil companies, OPEC, or any other villain. "It’s just supply and demand, it’s as simple as that," he said.