[Weekly Compilation of Presidential Documents Volume 36, Number 30 (Monday, July 31, 2000)]
[Pages 1679-1680]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Statement on House of Representatives Action on New Markets, Empowerment 
Zone, and Community Renewal Legislation

July 25, 2000

    I commend the House of Representatives for passing today the 
bipartisan new markets, empowerment zone, and community renewal 
legislation. At a time of unprecedented prosperity, too many Americans 
in our cities and rural areas still do not have access to investment 
capital and economic opportunity. This legislation will spur more 
private sector investment in these new markets so that all

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Americans can fully participate in our thriving economy. I look forward 
to working with Members of both parties in the House and the Senate this 
year to enact this historic and innovative legislation.