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 Home > News & Policies > April 2006

For Immediate Release
Office of the Press Secretary
April 24, 2008

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 acquisition of Ross Catherall US Holdings Inc., by Dubai International Capital LLC, a subsidiary of Dubai Holding LLC.

I have made this decision under the authority vested in me as President by section 721 of the Defense Production Act of 1950 (the "Exon-Florio amendment"), 50 U.S.C. App. 2170, and on the basis of the recommendation from senior officials who make up the Committee on Foreign Investment in the United States.

The attached report, prepared by my Administration, is submitted consistent with subsection (g) of that amendment and is subject to the provisions of subsection (c) regarding confidentiality of information.



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