Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: THURSDAY, March 22, 1990 TAG: 9003221838 SECTION: NATIONAL/INTERNATIONAL PAGE: A-8 EDITION: METRO SOURCE: Associated Press DATELINE: WASHINGTON LENGTH: Short
The draft bill by Sens. Claiborne Pell, D-R.I., and Joseph R. Biden, D-Del., calls for the new aid - four times more than even the Democrats proposed just two months ago - to be distributed to seven former Soviet bloc nations through 1992.
The draft includes $1.2 billion for U.S. participation in a European Bank for Reconstruction and Development, which has been proposed by France to finance public works and new private enterprises in former communist economies.
The administration has proposed spending $300 million in additional aid in fiscal 1991 for Eastern Europe beyond the $738 million Congress set aside to help Poland and Hungary through 1992.
by CNB