The Administration has formally objected to the deal in meetings with Russian officials, a State Department official said today.
The Administration has also objected to the plan's intention to increase to 60 percent the Federal contribution to a state's Medicaid costs.
He said the Administration objected, in particular, to the disclosure of intelligence and law-enforcement information.
The Administration has already objected to some of those proposals.
The Administration had previously objected strenuously to the authority granted to the board and its composition.
But the Administration and big banks already object to the bill for other reasons.
The Administration will not object if all the parties are ready to agree to the Vance-Owen plan on their own, the officials said.
The plan drops several proposals to which the Administration had objected.
The Administration has objected to many proposals in the House and Senate bills, including some that are in both.
Mr. Green said the Administration should not object to the new measure in its current form.