President Reagan said today he would issue a fast veto of the trade bill and urged Congress to pass one that ``will assist, not impede, our dynamic economy.'' In a weekly radio address delivered from the Oval Office, Reagan said his objections to the bill ``range from rules on plant closing notifications to restrictions on exports.'' ``You can be sure that this bill is going to get a veto, but fast,'' the president said, adding that he would then propose an alternative measure. The president said the trade bill originally proposed in Congress contained many provisions to which the administration objected. ``Working with members of Congress, we managed to remove almost all of these bad provisions,'' he said. ``Unfortunately, however when it comes to safeguarding property, almost can never be good enough.'' ``The current legislation, despite all the hard work, still has provisions that threaten economic growth,'' the president said. ``These provisions are comprised mainly of demands for unnecessary, burdensome and costly regulation of private industry.'' He said all Congress ``has to do is drop the ruffles, frills and flourishes put there for the special interests, and we can have a trade bill, and have it soon.'' ``I urge the congressional leadership to schedule prompt action on a bill immediately after my veto is sustained,'' the president said. ``It is time to set aside the special interests and advance America's interests by passing trade legislation that will assist, not impede, our dynamic economy.'' @Following grafs embargoed for 1:06 p.m. EDT
