It probably means that the computer has stored a "FAULT" code. Plug in a code scanner and find out what the computer thinks is wrong.
i also have Pontiac grand am, mine is a 2001. The pass lock sensor sets off the security light which cuts off gas to the engine, which is a theft deturent. My problem was fixed when i got a new stereo and the one thing that was replaced was my chime module, so we think mine was a electrical problem. But get your pass lock sensor looked at because that is what controls the security light.
There is no 'governor' in the normal sense. Both the engine RPM and Vehicle Speed are limited by the engine computer. There may be some 'Speed Chip' solutions to remove the speed limiter but, the 96 has a 'Flash' program, not a removable/replaceable module. You would either have to send it out for re-programming or a buy a second ECM (Engine Control Module).
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