[DOCID: f:hd036.110]
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110th Congress, 1st Session - - - - - - - - - - - - - House Document 110-36
CONTINUATION OF NATIONAL EMERGENCY WITH RESPECT TO PROTECTING THE
DEVELOPMENT FUND FOR IRAQ
__________
MESSAGE
from
THE PRESIDENT OF THE UNITED STATES
transmitting
NOTIFICATION THAT THE NATIONAL EMERGENCY WITH RESPECT TO PROTECTING THE
DEVELOPMENT FUND FOR IRAQ AND CERTAIN OTHER PROPERTY IN WHICH IRAQ HAS
AN INTEREST, ORIGINALLY DECLARED IN EXECUTIVE ORDER 13303 OF MAY 22,
2003, AS EXPANDED IN SCOPE BY EXECUTIVE ORDER 13315 OF AUGUST 28, 2003,
AND MODIFIED IN EXECUTIVE ORDER 13364 OF NOVEMBER 29, 2004, IS TO
CONTINUE IN EFFECT BEYOND MAY 22, 2007, PURSUANT TO 50 U.S.C. 1622(d).
<GRAPHIC(S) NOT AVAILABLE IN TIFF FORMAT>
May 21, 2007.--Message and accompanying papers referred to the
Committee on Foreign Affairs and ordered to be printed
To the Congress of the United States:
Section 202(d) of the National Emergencies Act (50 U.S.C.
1622(d)) provides for the automatic termination of a national
emergency unless, prior to the anniversary date of its
declaration, the President publishes in the Federal Register
and transmits to the Congress a notice stating that the
emergency is to continue in effect beyond the anniversary date.
In accordance with this provision, I have sent the enclosed
notice to the Federal Register for publication. This notice
states that the national emergency declared in Executive Order
13303 of May 22, 2003, as modified in scope and relied upon for
additional steps taken in Executive Order 13315 of August 28,
2003, Executive Order 13350 of July 29, 2004, and Executive
Order 13364 of November 29, 2004, is to continue in effect
beyond May 22, 2007.
The threats of attachment or other judicial process against
(i) the Development Fund for Iraq, (ii) Iraqi petroleum and
petroleum products, and interests therein, and proceeds,
obligations, or any financial instruments of any nature
whatsoever arising from or related to the sale or marketing
thereof, and interests therein, or (iii) any accounts, assets,
investments, or any other property of any kind owned by,
belonging to, or held by, on behalf of, or otherwise for the
Central Bank of Iraq obstruct the orderly reconstruction of
Iraq. These threats also impede the restoration and maintenance
of peace and security and the development of political,
administrative, and economic institutions in Iraq. These
threats continue to pose an unusual and extraordinary threat to
the national security and foreign policy of the United States.
Accordingly, I have determined that it is necessary to continue
the national emergency protecting the Development Fund for
Iraq, certain other property in which Iraq has an interest, and
the Central Bank of Iraq and maintain in force the measures to
respond to this threat.
George W. Bush.
The White House, May 18, 2007.
Notice
----------
Continuation of the National Emergency Protecting the Development Fund
for Iraq and Certain Other Property in Which Iraq Has an Interest
On May 22, 2003, by Executive Order 13303, I declared a
national emergency protecting the Development Fund for Iraq and
certain other property in which Iraq has an interest, pursuant
to the International Emergency Economic Powers Act (50 U.S.C.
1701-1706) (IEEPA). I took this action to deal with the unusual
and extraordinary threat to the national security and foreign
policy of the United States posed by the obstacles to the
orderly reconstruction of Iraq, the restoration and maintenance
of peace and security in the country, and the development of
political, administrative, and economic institutions in Iraq
constituted by the threat of attachment or other judicial
process against the Development Fund for Iraq, Iraqi petroleum
and petroleum products, and interests therein, and proceeds,
obligations, or any financial instruments of any nature
whatsoever arising from or related to the sale or marketing
thereof, and interests therein.
In Executive Order 13315, of August 28, 2003, Executive
Order 13350 of July 29, 2004, and Executive Order 13364 of
November 29, 2004, I modified the scope of the national
emergency declared in Executive Order 13303 and amended the
steps taken pursuant to it.
Because the obstacles to the orderly reconstruction of
Iraq, the restoration and maintenance of peace and security in
the country, and the development of political, administrative,
and economic institutions in Iraq continue to pose an unusual
and extraordinary threat to the national security and foreign
policy of the United States, the national emergency declared on
May 22, 2003, and the measures adopted on that date, August 28,
2003, July 29, 2004, and November 29, 2004, to deal with that
emergency must continue in effect beyond May 22, 2007.
Therefore, in accordance with section 202(d) of the National
Emergencies Act (50 U.S.C. 1622(d)), I am continuing for 1 year
the national emergency protecting the Development Fund for Iraq
and certain other property in which Iraq has an interest.
This notice shall be published in the Federal Register and
transmitted to the Congress.
George W. Bush.
The White House, May 18, 2007.
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