[House Document 107-106]
[From the U.S. Government Publishing Office]



                                     

107th Congress, 1st Session - - - - - - - - - - - House Document 107-106


 
 PERIODIC REPORT ON THE NATIONAL EMERGENCY WITH RESPECT TO TERRORISTS 
         WHO THREATEN TO DISRUPT THE MIDDLE EAST PEACE PROCESS

                               __________

                                MESSAGE

                                  from

                   THE PRESIDENT OF THE UNITED STATES

                              TRANSMITTING

A REPORT ON DEVELOPMENTS CONCERNING THE NATIONAL EMERGENCY WITH RESPECT 
  TO TERRORISTS WHO THREATEN TO DISRUPT THE MIDDLE EAST PEACE PROCESS 
    THAT WAS DECLARED IN EXECUTIVE ORDER 12947 OF JANUARY 23, 1995, 
          PURSUANT TO 50 U.S.C. 1641(c) AND 50 U.S.C. 1703(c)




    July 24, 2001.--Message and accompanying papers referred to the 
     Committee on International Relations and ordered to be printed
To the Congress of the United States:
    As required by section 401(c) of the National Emergencies 
Act, 50 U.S.C. 1641(c), and section 204(c) of the International 
Emergency Economic Powers Act, 50 U.S.C. 1703(c), I transmit 
herewith a 6-month periodic report on the national emergency 
with respect to terrorists who threaten to disrupt the Middle 
East peace process that was declared in Executive Order 12947 
of January 23, 1995.

                                                    George W. Bush.
    The White House, July 23, 2001.
 President's Periodic Report on the National Emergency With Respect to 
    Terrorists Who Threaten To Disrupt the Middle East Peace Process

    I hereby report to the Congress on the development over the 
course of the past 6 months concerning the national emergency 
with respect to terrorists who threaten to disrupt the Middle 
East peace process that was declared in Executive Order 12947 
of January 23, 1995, as expanded in scope by Executive Order 
13099. This report is submitted pursuant to section 401(c) of 
the National Emergencies Act, 50 U.S.C. 1641(c), and section 
204(c) of the International Emergency Economic Powers Act, 50 
U.S.C. 1703(c) (``IEEPA'').
    1. There have been no amendments to the Terrorism Sanctions 
Regulations, 31 CFR Part 595 (the ``Regulations''), during this 
reporting period.
    2. The Office of Foreign Assets Control (OFAC) has issued 
no licenses pursuant to the Regulations during the current 
reporting period.
    3. During this reporting period, three transactions 
totaling nearly $13,000 were blocked. The total blocked assets 
reported to OFAC is nearly $117,000. The blocking of these 
funds prevents their conversion or other disposal for the 
benefit of the Specially Designated Terrorists (``SDTs''). 
Federal agencies will continue to work closely to identify and 
block assets in which SDTs have an interest and will vigorously 
enforce Executive Orders 12947 and 13099 against Usama bin 
Laden and other terrorists who threaten the Middle East peace 
process.
    4. During this reporting period, OFAC collected one civil 
monetary penalty in the amount of $6,500 from a U.S. financial 
institution for its violations of IEEPA and the Regulations. A 
second penalty proceeding is pending against another financial 
institution for dealing in property in which an SDT has an 
interest.
    5. The expenses incurred by the Federal Government in the 
6-month period from January 20, 2001 through July 22, 2001, 
that are directly attributable to the exercise of powers and 
authorities conferred by the declaration of the national 
emergency with respect to organizations that disrupt the Middle 
East peace process are estimated at approximately $440,000. 
This data does not reflect certain costs of operations by the 
intelligence and law enforcement communities.
    6. Executive Orders 12947 and 13099 provided this 
Administration with a tool for combating fundraising in this 
country on behalf of organizations that use terror to undermine 
the Middle East peace process. The orders make it harder for 
such groups to finance these criminal activities by impeding 
their access to sources of support in the United States and to 
U.S. financial facilities. They are also intended to reach 
charitable contributions to designated organizations and 
individuals to preclude diversion of such donations to 
terrorist activities.
    The Executive orders demonstrate the United States' 
determination to confront and combat those who would seek to 
destroy the Middle East peace process and our commitment to the 
global fight against terrorism. I shall continue to exercise 
the powers at my disposal to apply economic sanctions against 
extremists seeking to destroy the hopes of peaceful coexistence 
between Arabs and Israelis as long as these measures are 
appropriate, and will continue to report periodically to the 
Congress on significant developments pursuant to 50 U.S.C. 
1703(c).

                                
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