But the law specified that the new President could waive them for 1994 and 1995, provided he did so on Jan. 21, 1993.

But officials say the President will waive the sanctions and avoid a cutoff by the bank in return for guarantees of better future behavior.

"I can't understand why the President simply does not waive the privilege and put this behind him."

One section of the bill allows the President to waive enforcement for six months at a time.

The President could waive the sanctions on national security grounds.

But the bill's supporters said the President could waive sanctions in the interest of national security or the promotion of religious rights.

In other words, the President waived the attorney-client privilege.

The President can waive this provision if he deems it important to the national interest and tells Congress.

The President can waive the aid cutoff for national-security reasons.

Also, the President could waive retaliation if he found that it was not in the national interest.