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Bush Signs 1991 Foreign Aid Bill

President Bush has signed the 1991 foreign aid bill, which contains $3 billion in all-grant aid for Israel and forgives Egypt’s $6.7 billion debt to the United States.

“I am especially pleased that the Congress has recognized the critical importance of the issue of Egypt’s military debt,” Bush said Monday.

But the president was unhappy with other portions of the $15.4 billion measure, including new constraints on U.S. aid to El Salvador and Cambodia.

“Despite my serious concerns,” Bush said, “I believe that it is necessary to sign this act in order to move forward with the job of conducting U.S. foreign policy.”

Bush has also signed the 1991 defense appropriations bill, which enhances U.S.-Israeli strategic cooperation.

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