Earmarking of more than $1.5 billion in U.S. economic aid for Israel and Egypt for the next fiscal year starting Oct. I was voted 12-8 yesterday by the House Foreign Affairs Committee. The approval was understood to be a gesture of U.S. encouragement for the Camp David peace process.
Under the bill, $785 million was specified for Israel and $750 million for Egypt, out of a total of some $2.5 billion in economic aid proposed for fiscal 1982 in pending foreign aid legislation.
Rep. Benjamin Rosenthal (D. N. Y.) supported the earmarking of funds for Israel and Egypt as a “valuable symbol and signal” of United States support for the Mideast peace process launched at the 1979 summit meeting of Egypt, Israel and the United States which led to the Egyptian-Israeli peace pact.
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