[House Document 108-24]
[From the U.S. Government Printing Office]




108th Congress, 1st Session - - - - - - - - - - - - - House Document 
108-24
 
 PERIODIC REPORT ON THE NATIONAL EMERGENCY WITH RESPECT TO TERRORISTS 
         WHO THREATEN TO DISRUPT THE MIDDLE EAST PEACE PROCESS

                               __________

                             COMMUNICATION

                                  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)

[GRAPHIC(S) NOT AVAILABLE IN TIFF FORMAT]


January 28, 2003.--Referred to the Committee on International Relations 
                       and ordered to be printed









                                           The White House,
                                      Washington, January 20, 2003.
Hon. J. Dennis Hastert,
Speaker of the House of Representatives,
Washington, DC.
    Dear Mr. Speaker: 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 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.
            Sincerely,
                                                    George W. Bush.









 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 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, based 
upon information provided, 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 November 22, 2002, the Department of the 
Treasury's Office of Foreign Assets Control (OFAC) has issued 
two licenses 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 November 22, 2002, three transactions were 
blocked, bringing the total blocked assets being reported to 
OFAC to approximately $6,451,000. The blocking of these funds 
prevents their conversion or other disposal for the benefit of 
the SDT. Federal agencies will continue to work closely to 
identify and block assets in which SDTs have an interest.
    4. Since my last report, one U.S. financial institution is 
undergoing civil penalty enforcement action for allegations of 
prohibited transactions with an SDT.
    5. The expenses incurred by the Federal Government in the 
6-month period from July 23, 2002, through January 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 
$222,000. 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 State's 
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 exercise the powers at 
my disposal to deal with these terrorists and will continue to 
report periodically to the Congress on significant developments 
as required by law.