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Iran-Contra Investigation Cost About $4 Million With PM-US-Iran-Contra Rdp

November 19, 1987 GMT

WASHINGTON (AP) _ The Senate and House Iran-Contra committees spent nearly $4 million to investigate the Reagan administration’s secret weapons sales to Iran and diversion of profits to the Nicaraguan Contra rebels.

Final figures are due Dec. 31 on the panels’ expenditures to review more than 300,000 documents, talk to more than 500 witnesses, conduct public hearings and produce a 690-page final report.

But a Senate committee official, speaking on condition of anonymity, estimated on Wednesday that the Senate cost was about $2 million. ″That’s a ballpark figure. It may be a little more,″ the official said.


Bob Havel, a spokesman for the House committee, said the panel was given a budget of $1.95 million last January. By Sept. 30, it had spent about $1.2 million, Havel said, ″and my guess is that the bulk of ou expenditures were made before Sept. 30.″

Asked if the 10-month congressional effort to obtain details on the Iran- Contra affair was worth all the time and expenses, Sen. Howell Heflin, D- Ala., a member of the Senate panel, replied: ″The right of the public to know, to me, is really a priceless element.″