[House Document 108-187]
[From the U.S. Government Publishing Office]



                                     

108th Congress, 2d Session - - - - - - - - - - - - House Document 108-187


 
   CONTINUATION OF NATIONAL EMERGENCY WITH RESPECT TO PROTECTING THE 
                       DEVELOPMENT FUND FOR IRAQ

                               __________

                             COMMUNICATION

                                  from

                   THE PRESIDENT OF THE UNITED STATES

                              TRANSMITTING

NOTIFICATION STATING THAT THE NATIONAL EMERGENCY DECLARED IN EXECUTIVE 
 ORDER 13303 OF MAY 22, 2003, AS EXPANDED IN SCOPE BY EXECUTIVE ORDER 
13315 OF AUGUST 28, 2003, PROTECTING THE DEVELOPMENT FUND FOR IRAQ AND 
CERTAIN OTHER PROPERTY IN WHICH IRAQ HAS AN INTEREST, IS TO CONTINUE IN 
         EFFECT BEYOND MAY 22, 2004, PURSUANT TO 50 U.S.C. 1622




June 1, 2004.--Referred to the Committee on International Relations 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, stating that the national emergency declared in 
Executive Order 13303 of May 22, 2003, as expanded in scope by 
Executive Order 13315 of August 28, 2003, protecting the 
Development Fund for Iraq and certain other property in which 
Iraq has an interest, is to continue in effect beyond May 22, 
2004, to the Federal Register for publication.
    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, pose a continuing unusual and 
extraordinary threat to the national security and foreign 
policy of the United States. For these reasons, I have 
determined that it is necessary to continue the national 
emergency protecting the Development Fund for Iraq, and certain 
other property in which Iraq has an interest, and to maintain 
in force the sanctions to respond to this threat.

                                                    George W. Bush.
    The White House, May 20, 2004.
                                 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). 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.
    On August 28, 2003, in Executive Order 13315, I expanded 
the scope of this national emergency to block the property of 
the former Iraqi regime, its senior officials and their family 
members as the removal of Iraqi property from that country by 
certain senior officials of the former Iraqi regime and their 
immediate family members constitutes an obstacle 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.
    Because these 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 and on 
August 28, 2003, to deal with that emergency, must continue in 
effect beyond May 22, 2004. 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 20, 2004.

                                  
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