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Bush rejects defense bill
By cement mixer | December 29, 2007
Yesterday, President Bush “pocket vetoed” a defense bill because of a provision that would make Iraqi assests in the United States available as damages in lawsuits.
Bush said the legislation “would imperil billions of dollars of Iraqi assets at a crucial juncture in that nation’s reconstruction efforts.”
Bush rejected the bill because he dislikes a provision that would expose the Iraqi government to expensive lawsuits seeking damages from the Saddam Hussein era.
According to the AP:
The disputed section of the bill would reshape Iraq’s immunity to lawsuits, exposing the new government to litigation in U.S. courts stemming from treatment of Americans in Iraq during Saddam’s reign. Even cases that had once been rejected could be refiled.
Bush’s aides warned of a dire scenario — a rush of litigation that could freeze tens of billions of dollars in Iraqi assets being held in U.S. banks. Money at the heart of the Iraqi rebuilding effort would be tied up in court, potentially halting the very stabilization efforts that could get U.S. troops home faster, the aides said.
Topics: Iraq, Pres. Bush, foreign policy, War on Terror, Congressional Democrats |
January 28th, 2008 at 7:47 pm
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