    [Weekly Compilation of Presidential Documents Volume 40, Number 52 (Monday, December 27, 2004)]
    [Page 3012]
    [Online from the Government Publishing Office, www.gpo.gov]

    <R04>
    Letter to Congressional Leaders Transmitting a Report on Implementation
    of Debt Reduction Authority

    December 21, 2004

    Dear Mr. Speaker:  (Dear Mr. President:)

        Consistent with section 1321 of the Foreign Relations Authorization
    Act, Fiscal Year 2003 (Public Law 107-228), I transmit herewith a report
    prepared by my Administration on implementation of the debt reduction
    authority conferred by Title XIII, Subtitle B of Public Law 107-228.
         Sincerely,
                                                    George W. Bush

    Note: Identical letters were sent to J. Dennis Hastert, Speaker of the
    House of Representatives, and Richard B. Cheney, President of the
    Senate.