CEOs Call on Congress to Pass Sanctions Reform Legislation This Year

Tuesday, 28 September 1999

"While most Members agree that unilateral sanctions must remain part of America's foreign policy toolbox, Senators increasingly recognize that unilateral sanctions are often counter-productive, ineffective and costly to other U.S. priorities," said the letter signed by 55 of America's top CEOs.

The letter was coordinated by USA*ENGAGE in an effort to secure passage of meaningful sanctions reform legislation this fall. "Last year, momentum on the Sanctions Reform Act was sidelined in deference to the anticipated report of the Senate Sanctions Task Force, which never materialized. This year, we are looking for tangible results," said Frank Kittredge, President of the National Foreign Trade Council and Vice Chairman of USA*ENGAGE. The Sanctions Reform Act, S.757, introduced by Senators Richard Lugar (R-IN), Robert Kerrey (D-NE) and Chuck Hagel (R-NE), currently has 38 co-sponsors, including Senate Majority Leader Trent Lott (R-MS). In the House, companion legislation introduced by Congressmen Philip Crane (R-IL), Calvin Dooley (D-CA), and Donald Manzullo (R-IL) has 102 co-sponsors.

A copy of the letter is available on the USA*ENGAGE web site, to view it, click here.

USA*ENGAGE is a coalition of 670 small and large businesses, agriculture groups and trade associations working to seek alternatives to the proliferation of unilateral U.S. foreign policy sanctions and to promote the benefits of U.S. engagement abroad.

 

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