[House Document 108-108]
[From the U.S. Government Publishing Office]





108th Congress, 1st Session - - - - - - - - - - - - House Document
 108-108


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









    July 25, 2003.--Message and accompanying papers referred to the
     Committee on International Relations and ordered to be printed


To the Congress of the United States:


    Consistent with 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, prepared by my
Administration, 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 24, 2003.

 Periodic Report on the National Emergency With Respect to Terrorists
         Who Threaten To Disrupt the Middle East Peace Process

    This report to the Congress covers developments 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 of August 20, 1998. This report is submitted pursuant to
section 204(c) of the International Emergency Economic Powers
Act, 50 U.S.C. 1703(c) (``IEEPA''), and section 401(c) of the
National Emergencies Act, 50 U.S.C. 1641(c).
    1. There have been no amendments to the Terrorism Sanctions
Regulations, 31 CFR Part 595 (the ``Regulations''), during the
current reporting period.
    2. As of May 30, 2003, the Department of the Treasury's
Office of Foreign Assets Control (OFAC) had issued one license
authorizing the release of blocked funds after it was
determined that there was no Specially Designated Terrorist
(SDT) property interest in the funds.
    3. As of May 27, 2003, the total of blocked assets being
reported to OFAC is approximately $6,451,000. The blocking of
these funds prevents their conversion of other disposal for the
benefit of the SDTs. Federal agencies will continue to work
closely to identify and block assets in which SDTs have an
interest.
    4. Since the last report, OFAC has assessed and collected
one civil monetary penalty in the amount of $2,925 from a U.S.
financial entity for violations of IEEPA and the Regulations.
    5. The expenses incurred by the Federal Government in the
6-month period from January 23 through July 22, 2003, that are
directly attributable to the exercise of powers and authorities
conferred by the declaration of the national emergency with
respect to terrorists who threaten to disrupt the Middle East
peace process are estimated at approximately $345,000. These
data do not reflect certain costs of operations by the
intelligence and law enforcement communities.
    6. Executive Orders 12947 and 13099 provide 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.