To express the sense of Congress that the President should exercise the temporary waiver authority that an emergency exists under the Merchant Marine Act, 1936 and justifying the waiver of cargo preference rates in transporting the $1.6 billion in bilateral assistance to Russia as agreed to in the "Vancouver Package" between President Clinton and President Yeltsin of the Russian Federation.

[AI summary unavailable — showing source text] Declares that the President should exercise the temporary waiver authority granted in the Merchant Marine Act, 1936 so that the $1,600,000,000 in bilateral assistance to Russia, referred to as the Vancouver Package, may be effected without endangering the stability of the Government or economy of Russia and without adding to the U.S. budget deficit.…