[Congressional Record Volume 141, Number 105 (Monday, June 26, 1995)]
[Senate]
[Page S9105]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




      REMOVAL OF INJUNCTION OF SECRECY--TREATY DOCUMENT NO. 104-10

  Mr. D'AMATO. Mr. President, as in executive session, I ask unanimous 
consent that the injunction of secrecy be removed from the Investment 
Treaty with Mongolia (Treaty Document No. 104-10), transmitted to the 
Senate by the President on June 26, 1995; and the treaty considered as 
having been read the first time; referred, with accompanying papers, to 
the Committee on Foreign Relations and ordered to be printed; and 
ordered that the President's message be printed in the Record.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The message of the President is as follows:

To the Senate of the United States:
  With a view to receiving the advice and consent of the Senate to 
ratification, I transmit herewith the Treaty Between the United States 
of America and Mongolia Concerning the Encouragement and Reciprocal 
Protection of Investment, with Annex and Protocol, signed at Washington 
on October 6, 1994. Also transmitted for the information of the Senate 
is the report of the Department of State with respect to the Treaty, 
with Annex and Protocol.
  The bilateral investment Treaty (BIT) with Mongolia will protect U.S. 
investors and assist Mongolia in its efforts to develop its economy by 
creating conditions more favorable for U.S. private investment and thus 
strengthening the development of the private sector.
  The Treaty is fully consistent with U.S. policy toward international 
and domestic investment. A specific tenet of U.S. policy, reflected in 
this Treaty, is that U.S. investment abroad and foreign investment in 
the United States should receive national treatment. Under this Treaty, 
the Parties also agree to international law standards for expropriation 
and compensation for expropriation; free transfer of funds associated 
with investments; freedom of investments from performance requirements; 
fair, equitable, and most-favored-nation treatment; and the investor's 
or investment's freedom to choose to resolve disputes with the host 
government through international arbitration.
  I recommend that the Senate consider this Treaty as soon as possible, 
and give its advice and consent to ratification of the Treaty, with 
Annex and Protocol, at an early date.
                                                  William J. Clinton.  
  The White House, June 26, 1995.

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