[Congressional Record Volume 141, Number 27 (Friday, February 10, 1995)]
[House]
[Page H1561]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




   INTRODUCTION OF RESOLUTION OF INQUIRY CONCERNING TAXPAYER-BACKED 
                         MEXICAN RESCUE PACKAGE

  (Ms. KAPTUR asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Ms. KAPTUR. Mr. Speaker, today with bipartisan cosponsorship, I am 
introducing a resolution of inquiry concerning the recent U.S. 
taxpayer-backed Mexican rescue package.
  Far too many questions regarding the terms of the financing and the 
financial risks to our people and our banking system remain unanswered. 
The purpose of this resolution is to obtain factual 
information from the Clinton administration on a series of questions 
contained in the resolution, including the soundness of the collateral 
backing the agreement, the solvency of PEMEX, the actual terms of the 
short-, medium-, and long-term loans, and the rate at which funds are 
being drawn down.
  I ask my colleagues to cosponsor this resolution of inquiry and 
respectfully request the Committee on Banking and Financial Services 
report it favorably within the 2 weeks required.


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