Federal Register / Vol. 59, No. 247 / Tuesday, December 27, 1994 / Rules and Regulations VOL. 59, NO. 247 Tuesday, December 27, 1994 DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Part 580 Haitian Transactions Regulations; Termination of Sanctions AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Final rule; amendments. SUMMARY: Pursuant to Executive Order 12932 of October 14, 1994 (59 FR 52403), the Treasury Department has terminated, effective October 16, 1994, all sanctions with respect to Haiti imposed during the period of the national emergency declared on October 4, 1991 in Executive Order 12775. This termination does not affect compliance and enforcement actions involving prior transactions or violations of the sanctions. EFFECTIVE DATE: 12:01 a.m. Eastern Daylight Time, October 16, 1994. FOR FURTHER INFORMATION CONTACT: Steven I. Pinter, Chief of Licensing (tel.: 202/622-2480), or William B. Hoffman, Chief Counsel (tel.: 202/622-2410), Office of Foreign Assets Control, Department of the Treasury, Washington, D.C. 20220. SUPPLEMENTARY INFORMATION: Electronic Availability: This document is available as an electronic file on The Federal Bulletin Board the day of publication in the Federal Register. By modem dial 202/512-1387 or call 202/512-1530 for disks or paper copies. This file is available in Postscript, WordPerfect 5.1 and ASCII. Background The Office of Foreign Assets Control (``FAC'') is amending the Haitian Transactions Regulations, 31 CFR Part 580 (the ``HTR''), to add Sec. 500.524, implementing Executive Order 12932, which authorizes all transactions on or after October 16, 1994, involving property in which Haiti or its nationals have an interest, and all other transactions previously prohibited by the HTR. The effect of this amendment is to authorize all transactions previously prohibited by subpart B of the HTR or by Executive Order 12775, 12779, 12853, 12872, 12914, 12917, 12920 or 12922, effective October 16, 1994. On October 14, 1994, the President signed Executive Order 12932, terminating the national emergency declared with respect the de facto regime in Haiti and revoking all Executive orders promulgated with respect to that emergency, effective October 16, 1994. Newly authorized transactions include, but are not limited to, new investment, otherwise lawful importations from and exportations to Haiti, and brokering transactions. Reports due under general or specific license must still be filed covering activities up until the effective date of this rule. Enforcement actions with respect to past violations of the sanctions are not affected by this rule. Because the HTR involve a foreign affairs function, Executive Order 12866 and the provisions of the Administrative Procedure Act, 5 U.S.C. 553, requiring notice of proposed rulemaking, opportunity for public participation, and delay in effective date, are inapplicable. Because no notice of proposed rulemaking is required for this rule, the Regulatory Flexibility Act, 5 U.S.C. 601-612, does not apply. List of Subjects in 31 CFR Part 580 Administrative practice and procedure, Agricultural commodities, Banking and finance, Blocking of assets, Exports, Foods, Haiti, Imports, Penalties, Reporting and recordkeeping requirements, Shipping, Specially designated nationals, Transfer of assets, Vessels. For the reasons set forth in the preamble, 31 CFR part 580 is amended as follows: PART 580--HAITIAN TRANSACTIONS REGULATIONS 1. The authority citation for part 580 is revised to read as follows: Authority: 50 U.S.C. 1701-1706; 50 U.S.C. 1601-1651; 22 U.S.C. 287c; 3 U.S.C. 301; E.O. 12775, 56 FR 50641, 3 CFR, 1991 Comp., p. 349; E.O. 12779, 56 FR 55975, 3 CFR 1991 Comp., p. 367; E.O. 12853, 58 FR 35843, 3 CFR, 1993 Comp., p. 612; E.O. 12872, 58 FR 54029, 3 CFR, 1993 Comp., p. 658; E.O. 12914, 59 FR 24339, May 20, 1994; E.O. 12917, 59 FR 26925, May 24, 1994; E.O. 12920, 59 FR 30501, June 14, 1994; E.O. 12922, 59 FR 32645, June 23, 1994; E.O. 12932, 59 FR 52403, October 18, 1994. Subpart E--Licenses, Authorizations and Statements of Licensing Policy 2. Section 500.524 is added to read as follows: Sec. 500.524 Authorization of new transactions; lifting of sanctions. (a) The prohibitions contained in Sec. Sec. 580.201 through 580.211 of this part do not apply to any transaction occurring after 12:01 a.m. Eastern Daylight Time, October 16, 1994. (b) Nothing in this section affects any action taken or proceeding pending and not finally concluded or determined on, or any action or proceeding based on any act committed prior to, or any rights or duties that matured or penalties that were incurred prior to 12:01 a.m. EDT, October 16, 1994. (c) Reports required pursuant to this part with respect to transactions occurring prior to 12:01 a.m. EDT, October 16, 1994, must still be filed with the Compliance Division, Office of Foreign Assets Control. Dated: December 12, 1994. R. Richard Newcomb, Director, Office of Foreign Assets Control. Approved: December 14, 1994. John Berry, Deputy Assistant Secretary (Enforcement). [FR Doc. 94-31727 Filed 12-21-94; 1:57 pm] BILLING CODE 4810-25-F