For Immediate Release
Office of the Press Secretary
September 19, 2003
Presidential Letter
Text of a Letter from the President to the Speaker of the House of Representatives and the President of the Senate
Dear Mr. Speaker: (Dear Mr. President:)
Attached is a classified report on my decision to take no action to
suspend or prohibit the proposed 61.5 percent investment by Singapore
Technologies Telemedia Pte. Ltd., a company indirectly owned by the
Government of Singapore, in Global Crossing Ltd. I have taken this
decision under the authority vested in me as President by section 721
of the Defense Production Act of 1950, also known as the "Exon-Florio"
provision, 50 U.S.C. App. 2170. This report, prepared by my
Administration, is submitted consistent with subsection (g) of that
provision.
Sincerely,
GEORGE W. BUSH
# # #
|