[Congressional Record Volume 143, Number 54 (Wednesday, April 30, 1997)]
[Senate]
[Pages S3853-S3854]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




      SENATE RESOLUTION 81--RELATIVE TO THE DENVER SUMMIT OF EIGHT

  Mr. CAMPBELL submitted the following resolution; which was submitted 
to the Committee on the Judiciary.

                               S. Res. 81

       Whereas this is the first Economic Summit to be held in the 
     United States since the 1990 Economic Summit was held in 
     Houston, Texas;
       Whereas on May 29, 1996, the State of Colorado was 
     announced as the host of the Group of Seven Economic Summit, 
     to be held on June 20 through 22, 1997;
       Whereas the Economic Summit is an annual meeting that 
     brings together the leaders of the world's 7 most 
     economically successful democracies: Canada, France, Germany, 
     Great Britain, Italy, Japan, and the United States;
       Whereas this is the first Economic Summit to include the 
     transitioning economy of Russia, which has resulted in a new 
     reference to the Economic Summit as the Denver Summit of 
     Eight;
       Whereas the central location of Denver among the summit 
     members, with Europe to the east, Japan to the west, and 
     central Canada to the north, enables the residents of 
     Colorado to serve as a central pillar supporting the 
     international bridge of friendship and prosperity;
       Whereas the selection of the State of Colorado and the 
     Denver metropolitan region as the host of the Summit of Eight 
     reflects the region's growing economic importance in the 
     international community;
       Whereas Colorado has distinguished itself as an ideal site 
     for the Summit of Eight because of its leading industries of 
     telecommunications, aerospace, biotechnology, high 
     technology, health care, education, agriculture, recreation, 
     and tourism;
       Whereas Colorado's dedicated law enforcement officers, 
     firefighters, emergency medical technicians, and other public 
     servants are able and committed to provide vital support to 
     the Summit of Eight; and
       Whereas the Summit of Eight promises to be 1 of the more 
     significant summits of recent years, with results that will 
     benefit the larger world community, including progress toward 
     relieving international debt, supporting the economic 
     development of Russia and the Ukraine, paving the way to 
     increased efficiencies in international commercial 
     transactions by reducing the regulatory barriers to 
     electronic banking, and minimizing destabilizing factors in 
     the world's financial markets: Now, therefore, be it
       Resolved, That the Senate--
       (1) expresses its appreciation to the citizens of Colorado 
     and the Denver metropolitan region for hosting the Summit of 
     Eight; and
       (2) accords recognition of the hospitality to be provided 
     by the people of Colorado and the Denver metropolitan region.

  Mr. CAMPBELL. Mr. President, today I submit a resolution expressing 
the sense of the Senate to recognize the historic importance of the 
Denver summit of eight, and the contributions made by my home State of 
Colorado and many Coloradans in hosting this historic summit.
  This meeting marks a historic change in the G-7 summit. For the first 
time in the 23-year history of these economic summits, Russia has been 
asked to participate to an unprecedented degree. At the Denver summit 
of eight, Russia will participate as a member, rather than as a passive 
observer who in the past were only allowed to engage in a post-summit 
dialog with the G-7.
  In this important substantive and symbolic step, President Yeltsin 
will join with the leaders of the seven leading industrialized nations 
of Canada, France, Germany, Great Britain, Italy, Japan, and the United 
States to discuss monetary and economic policy.
  After this significant development was announced at the recent United 
States-Russia summit, the name of the meeting was changed from G-7 to 
the Denver summit of eight.
  As Coloradans, we are proud to have such a distinguished group of 
leaders coming to our State. And, as an honorary chairman, along with 
Senator Allard and Congresswoman DeGette, I

[[Page S3854]]

am proud that Colorado was chosen to host this historically important 
meeting.
  The Denver area is symbolically important for being centrally located 
between our European partners to the east, our Japanese partner to the 
west, and the Canadian partner to the north. Furthermore, the thriving 
industries in Colorado and the robust economy of the Denver area 
reflect the growing economic importance of Colorado in the 
international arena.
  The Denver area is a recognized leader in aerospace, 
telecommunications, biotechnology, high technology, health care, 
education, recreation, and tourism. We are proud to share these 
achievements with the rest of the global community.
  I would also like to commend those dedicated Coloradans who serve as 
law enforcement officials, emergency medical technicians, firefighters, 
and health care providers, as well as the countless volunteers, who 
will provide invaluable services and contributions in support of the 
summit. Given the importance of this meeting, they have been working 
hard on their preparations to help ensure that the summit will proceed 
smoothly. This summit would not be possible without their donations of 
time, hospitality, and commitment.
  I urge my colleagues to support passage of this resolution.

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