Article: White House Statement on Alaska North Slope Oil Bill Signing

WASHINGTON, Nov. 28 /U.S. Newswire/ -- The following was released today by the White House: STATEMENT BY THE PRESS SECRETARY

President Clinton today signed into law S. 395, ending the 22-year ban on exporting crude oil from Alaska's North Slope. The Administration-backed measure also provides new incentives that will stimulate oil and gas production in the United States, and allows the sale of the Alaska Power Administration.

By signing S. 395 into law, the President has delivered on a promise that will change America's future for the better. It is another example of this Administration's commitment to stimulating economic growth, to bringing common sense to government and to ...

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