[Congressional Record Volume 146, Number 65 (Tuesday, May 23, 2000)]
[Senate]
[Pages S4295-S4296]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




THE AGREEMENT BETWEEN THE UNITED STATES OF AMERICA AND THE REPUBLIC OF 
      KOREA ON SOCIAL SECURITY--MESSAGE FROM THE PRESIDENT--PM 109

  The PRESIDING OFFICER laid before the Senate the following message 
from the President of the United States, together with an accompanying 
report; which was referred to the Committee on Finance.

To the Congress of the United States:
  Pursuant to section 233(e)(1) of the Social Security Act, as amended 
by the Social Security Amendments of 1977 (Public Law 95-216, 42 U.S.C. 
433(e)(1)) (the ``Act''), I transmit herewith the Agreement Between the 
United States of America and the Republic of Korea on Social Security, 
which consists of two separate instruments: a principal agreement and 
an administrative arrangement. The Agreement was signed at Washington 
on March 13, 2000.
  The United States-Korean Agreement is similar in objective to the 
social security agreements already in force with Austria, Belgium, 
Canada, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, 
the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the 
United Kingdom. Such bilateral agreements provide for limited 
coordination between the United States and foreign social security 
systems to eliminate dual social security coverage and taxation and to

[[Page S4296]]

help prevent the loss of benefit protection that can occur when workers 
divide their careers between two countries. The United States-Korean 
Agreement contains all provisions mandated by section 233 and other 
provisions that I deem appropriate to carry out the purposes of section 
233, pursuant to section 233(c)(4) of the Act.
  I also transmit for the information of the Congress a report prepared 
by the Social Security Administration explaining the key points of the 
Agreement, along with a paragraph-by-paragraph explanation of the 
provisions of the principal agreement and the related administrative 
arrangement. Annexed to this report is the report required by section 
233(e)(1) of the Social Security Act, a report on the effect of the 
Agreement on income and expenditures of the U.S. Social Security 
program and the number of individuals affected by the Agreement. The 
Department of State and the Social Security Administration have 
recommended the Agreement and related documents to me.
                                                  William J. Clinton.  
The White House, May 22, 2000.

                          ____________________