PRINTER'S NO. 875
No. 33 Session of 1993
INTRODUCED BY DAWIDA, MELLOW, LINCOLN, AFFLERBACH, SCHWARTZ,
O'PAKE, MUSTO AND FISHER, MARCH 26, 1993
REFERRED TO INTERGOVERNMENTAL AFFAIRS, MARCH 26, 1993
A RESOLUTION
1 Calling for the Joint State Government Commission to create a
2 bipartisan commission to study the issuance of bonds for
3 economic development in the former Soviet Bloc.
4 WHEREAS, The United States served as a counterweight to
5 Soviet imperialism since the end of World War II; and
6 WHEREAS, The reinstatement of said imperialism would continue
7 to cost the United States and citizens of this Commonwealth
8 hundreds of millions of dollars; and
9 WHEREAS, President Boris Yeltsin has directly asked for aid
10 from the Western nations, without which, these countries will
11 again succumb to the forces of imperialism; and
12 WHEREAS, Bonds could be issued by the Commonwealth, with the
13 express intention that these bonds be used for fostering
14 economic relations between the former Soviet Bloc countries and
15 Commonwealth corporations; and
16 WHEREAS, It is a priority to maintain the vitality of
17 Commonwealth industries in an expanding global market and
18 economic relations between the former Soviet Bloc countries and
1 Commonwealth corporations would help to maintain this goal; and
2 WHEREAS, These economic relations would help the United
3 States reduce its trade deficit and increase the orders for
4 manufactured goods from within this Commonwealth, thereby
5 creating additional need for personnel within Commonwealth
6 corporations; and
7 WHEREAS, Fostering these economic relations would also serve
8 the laudable goal of preventing the resurgence of imperialism
9 within the former Soviet Bloc; therefore be it
10 RESOLVED, That the Senate direct the Joint State Government
11 Commission to create a bipartisan task force to study the
12 feasibility of the issuance of bonds by the Commonwealth, the
13 purpose of which is to provide aid to Eastern European nations;
14 and be it further
15 RESOLVED, That the task force report, within 60 days of
16 passage of this resolution, findings and recommendations, as
17 well as any proposed legislation, to the General Assembly.
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