I hereby report that it is in the national interest of the United States to terminate the suspensions under subsection 103(a) of the Act of programs of the Export-Import Bank of the United States for the People's Republic of China.

I said that 'any such reconciliation bill should achieve at least the $14 billion in reconciled deficit reduction agreed to in the Bipartisan Budget Agreement.'

These measures accomplish substantial savings in mandatory spending programs, increase receipts in a manner consistent with my pledge not to raise new taxes, and retain part of the Gramm-Rudman-Hollings across-the-board spending cut.

This provision must be interpreted as mandating that the Secretary conduct full and detailed consultation with representatives of interested and expert private groups.

I appreciate the efforts of the conferees to clarify the intent of the legislation in a joint letter that was sent to Secretary Sullivan.

I have today signed H.R. 2494, the 'International Development and Finance Act of 1989.'

I believe that several provisions warrant careful construction to avoid constitutional concerns.

I challenged the Congress to 'pass a truly clean reconciliation bill that produces real deficit reduction -- without new taxes, without spending measures that increase the deficit in the future, and without scoring gimmicks.'

Such dispute resolution must take place within the structure of responsible Government established by our Constitution.

This does not return the Export-Import Bank's activity to business as usual with China.

I announce my intention to appoint Katharine D. Dukakis to be a member of the United States Holocaust Memorial Council.

The reduced sequester and the other budget savings and receipts enhancements in this reconciliation legislation satisfy the conditions I set for an acceptable bill.