Ronald Reagan

We have rightly placed our trust in our people and the belief that we were not running out of energy, only imagination.

At times of crisis, yours was a voice of calm and reason.

Your service as the President's lawyer has exemplified the highest traditions both of the legal profession and of American public service.

We will not be deterred by Libyan attacks or threats from exercising our rights on and over the high seas under international law.

The result is a foundation of energy stability and energy security.

I transmit herewith the Treaty between the United States of America and the Republic of Panama concerning the Treatment and Protection of Investments.

I hereby authorize the furnishing of up to $20,000,000 in defense articles from the stocks of the Department of Defense.

I intend to nominate J. Roger Mentz to be an Assistant Secretary of the Treasury.

That policy holds that an open international investment system in which participants respond to market forces provides the best and most efficient mechanism to promote global economic development.

This treaty is an integral part of U.S. efforts to encourage Turkey and other governments to adopt macroeconomic and structural policies that will promote economic growth.

I am proud to nominate J. Edward Fox to be Assistant Secretary of State.

A specific tenet, reflected in this treaty, is that U.S. direct investment abroad and foreign investment in the United States should receive fair, equitable, and nondiscriminatory treatment.

I recommend that the Senate consider this treaty as soon as possible.

The Treaty is an integral part of U.S. efforts to encourage Zaire and other governments to adopt macroeconomic and structural policies that will promote economic growth.

I recommend that the Senate consider this treaty as soon as possible, and give its advice and consent to ratification of the treaty, with protocol, at an early date.

I transmit herewith the Treaty between the United States of America and the Republic of Turkey concerning the Reciprocal Encouragement and Protection of Investments, with Protocol.

This treaty is among the first six treaties to be transmitted to the Senate under the Bilateral Investment Treaty (BIT) program that I initiated in 1981.

It is also fully consistent with U.S. policy toward international investment.

I hereby determine that an unforeseen emergency exists which requires immediate military assistance to Honduras.

The BIT program is designed to encourage and protect U.S. investment in developing countries.

The Communists, themselves, have shown again and again that diplomacy alone is not enough.

The Soviet gunships will not halt their operations while we debate.

I must remind them that the Sandinista Communists have already concluded negotiations—in 1979 with the Organization of American States.

I cannot accept the House action as final, for I cannot believe that it reflects the informed and considered will of the American people.

Let us act to help them together, Democrats and Republicans, and let us act now.