The important part of the speech follows:

"There is one item of business to take care of today. Apparently some members of the Corps of Cadets are still on restriction for minor offenses. And I guess you're looking for a little compassion. Such matters are to be decided by the President himself, and so he and I had a discussion about it. He took the strong view that we ought to be lenient. Me, I could have gone either way. (Laughter.) But the President is in charge, so at his direction, I hereby grant amnesty for all cadets on restriction for minor conduct offenses. (Applause.) Now here's the fine print: For the definition of "minor offenses," you've got to check with General Hagenbeck. (Laughter.)"

A transcript of the rest of the speech can be found at:

 http://www.whitehouse.gov/news/releases/2007/05/20070526-1.html