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On September 20, 2004, the President signed an executive
order (the E.O.) terminating the national emergency declared
in Executive Order 12543 of January 7, 1986, with respect
to the policies and actions of the Government of Libya and
revoking that Order, Executive Order 12544 of January 8, 1986,
and Executive Order 12801 of April 15, 1992, all of which
imposed sanctions against Libya in response to the national
emergency. This EO also revokes Executive Order 12538 of November
15, 1985, which prohibited the importation into the United
States of petroleum products refined in Libya. The E.O. is
effective at 12:01 a.m. eastern daylight time on September
21, 2004. As of that time, the prohibitions of the Libyan
Sanctions Regulations, 31 C.F.R. Part 550 (the "LSR"),
will be lifted, and all property and interests in property
blocked under the LSR will be unblocked. However, termination
of the national emergency will not affect any action taken
or proceeding pending not finally concluded or determined
as of the effective date of this E.O., any action or proceeding
based on any act committed prior to such date, or any rights
or duties that matured or penalties that were incurred prior
to such date. The text of the E.O. follows:
EXECUTIVE ORDER
- - - - - -
TERMINATION OF EMERGENCY DECLARED IN EXECUTIVE ORDER 12543
WITH RESPECT TO THE POLICIES AND ACTIONS OF THE GOVERNMENT
OF LIBYA AND REVOCATION OF RELATED EXECUTIVE ORDERS
By the authority vested in me as President by the Constitution
and the laws of the United States of America, including the
International Emergency Economic Powers Act (50 U.S.C. 1701
et seq.) (IEEPA), the National Emergencies Act (50 U.S.C.
1601 et seq.) (NEA), section 5 of the United Nations Participation
Act, as amended (22 U.S.C. 287c) (UNPA), sections 504 and
505 of the International Security and Development Cooperation
Act (22 U.S.C. 2349aa-8 and 2349aa-9), section 40106 of title
49, United States Code, and section 301 of title 3, United
States Code,
I, GEORGE W. BUSH, President of the United States of America,
find that the situation that gave rise to the declaration
of a national emergency in Executive Order 12543 of January
7, 1986, with respect to the policies and actions of the Government
of Libya, and that led to the steps taken in that order and
in Executive Order 12544 of January 8, 1986, and Executive
Order 12801 of April 15, 1992, has been significantly altered.
Accordingly, I hereby terminate the national emergency declared
in Executive Order 12543, and revoke that Executive Order,
Executive Order 12544, and Executive Order 12801. I also hereby
revoke Executive Order 12538 of November 15, 1985, and further
order:
Section 1. Pursuant to section 202(a) of the NEA (50 U.S.C.
1622(a)), termination of the national emergency declared in
Executive Order 12543 with respect to the policies and actions
of the Government of Libya shall not affect any action taken
or proceeding pending not finally concluded or determined
as of the effective date of this order, any action or proceeding
based on any act committed prior to such date, or any rights
or duties that matured or penalties that were incurred prior
to such date.
Sec. 2. This order is not intended to, and does not, create
any right or benefit, substantive or procedural, enforceable
at law or in equity by any party against the United States,
its departments, agencies, instrumentalities, or entities
its officers or employees, or any other person.
Sec. 3. (a) This order is effective at 12:01 a.m. eastern
daylight time on
September 21, 2004.
(b) This order shall be transmitted to the Congress and published
in the Federal
Register.
THE WHITE HOUSE
09/20/2004
All of OFAC's Industry
brochures have been updated accordingly as has OFAC's program
brochure on Libya .
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