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Senator Garn seeks power to ban Soviet loans
Senator Jake Garn announces hearings on September to consider a bill granting the president authority to control loans and capital transfers to Soviet Bloc countries after a $600 million U S S R loan arranged by First Chicago Bank. He cites mortgage and foreclosures impacts and compares terms to Soviet aid. The measure mirrors a House move banning loans to apartheid South Africa.
MENTIONED IN THIS ARTICLE
Washington
Jake Gann
U.S
Soviet Union
Utah Republican
Senate Banking Committee
U.S.S.R
First Chicago Bank
Garn
William Proxmire
Dwis
House