India and Pakistan: Current U.S. Economic Sanctions (Congressional Research Service)
Book Details
PublisherNinety-Nine Cent Publishing LLC
ISBN / ASINB0032FPYSI
ISBN-13978B0032FPYS3
Sales Rank1,707,555
MarketplaceUnited States 🇺🇸
Description
India and Pakistan: Current U.S. Economic Sanctions
Congressional Research Service
........In 1998, India and Pakistan each conducted tests of nuclear explosive devices,
drawing world condemnation. The United States and a number of India’s and Pakistan’s
major trading partners imposed economic sanctions in response. Most U.S. economic
sanctions were lifted or eased within a few months of their imposition, however, and
Congress gave the President the authority to remove all remaining restrictions in 1999.
The sanctions were lifted incrementally. President Bush issued a final determination
on September 22, 2001, to remove the remaining restrictions, finding denying export
licenses and assistance not to be in the national security interests of the United States.
Today, the United States imposes no economic sanctions against India. Pakistan
continues to be denied U.S. foreign assistance as a result of its military overthrowing its
democratically elected government in 1999, and for falling into arrears in servicing its
debt to the United States in 2000. U.S. and Pakistani representatives signed an
agreement to reschedule the debt on September 24; sanctions can be lifted 30 days after
Congress is so notified. The Senate passed S. 1465 on October 4, 2001, which would
remove the impediments on foreign assistance for Pakistan for the next two fiscal years,
if that aid is granted as part of the war against international terrorism. On September 23,
2001, the President issued Executive Order 13224 to block property and transactions
with 27 organizations or individuals who commit, threaten to commit, or support
terrorism. The Secretary of the Treasury added another 39 entities and individuals to the
list on October 12, 2001, in part to include the 22 persons listed among the Federal
Bureau of Investigation’s Most Wanted. Some of the organizations listed are based in
Pakistan and others may have ties to that country................
Congressional Research Service
The Congressional Research Service (CRS) serves shared staff to congressional committees and Members of Congress. CRS experts assist at every stage of the legislative process — from the early considerations that precede bill drafting, through committee hearings and floor debate, to the oversight of enacted laws and various agency activities.
CRS's analytic capabilities integrate multiple disciplines and research methodologies. In a fast-paced, ever-changing environment, CRS provides Congress with the vital, analytical support it needs to address the most complex public policy issues facing the nation. Its work incorporates program and legislative expertise, quantitative methodologies, and legal and economic analysis.
Congressional Research Service
........In 1998, India and Pakistan each conducted tests of nuclear explosive devices,
drawing world condemnation. The United States and a number of India’s and Pakistan’s
major trading partners imposed economic sanctions in response. Most U.S. economic
sanctions were lifted or eased within a few months of their imposition, however, and
Congress gave the President the authority to remove all remaining restrictions in 1999.
The sanctions were lifted incrementally. President Bush issued a final determination
on September 22, 2001, to remove the remaining restrictions, finding denying export
licenses and assistance not to be in the national security interests of the United States.
Today, the United States imposes no economic sanctions against India. Pakistan
continues to be denied U.S. foreign assistance as a result of its military overthrowing its
democratically elected government in 1999, and for falling into arrears in servicing its
debt to the United States in 2000. U.S. and Pakistani representatives signed an
agreement to reschedule the debt on September 24; sanctions can be lifted 30 days after
Congress is so notified. The Senate passed S. 1465 on October 4, 2001, which would
remove the impediments on foreign assistance for Pakistan for the next two fiscal years,
if that aid is granted as part of the war against international terrorism. On September 23,
2001, the President issued Executive Order 13224 to block property and transactions
with 27 organizations or individuals who commit, threaten to commit, or support
terrorism. The Secretary of the Treasury added another 39 entities and individuals to the
list on October 12, 2001, in part to include the 22 persons listed among the Federal
Bureau of Investigation’s Most Wanted. Some of the organizations listed are based in
Pakistan and others may have ties to that country................
Congressional Research Service
The Congressional Research Service (CRS) serves shared staff to congressional committees and Members of Congress. CRS experts assist at every stage of the legislative process — from the early considerations that precede bill drafting, through committee hearings and floor debate, to the oversight of enacted laws and various agency activities.
CRS's analytic capabilities integrate multiple disciplines and research methodologies. In a fast-paced, ever-changing environment, CRS provides Congress with the vital, analytical support it needs to address the most complex public policy issues facing the nation. Its work incorporates program and legislative expertise, quantitative methodologies, and legal and economic analysis.
