[Congressional Record Volume 156, Number 71 (Wednesday, May 12, 2010)]
[Senate]
[Page S3641]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




     REPORT ON THE CONTINUATION OF THE NATIONAL EMERGENCY THAT WAS 
  ORIGINALLY DECLARED IN EXECUTIVE ORDER 13303 OF MAY 22, 2003--PM-55

  The PRESIDING OFFICER laid before the Senate the following message 
from the President of the United States, together with an accompanying 
report; which was referred to the Committee on Banking, Housing, and 
Urban Affairs:

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 to the Federal Register for publication, continuing the 
national emergency with respect to the stabilization of Iraq. This 
notice states that the national emergency with respect to the 
stabilization of Iraq declared in Executive Order 13303 of May 22, 
2003, as modified in scope and relied upon for additional steps taken 
in Executive Order 13315 of August 28, 2003, Executive Order 13350 of 
July 29, 2004, Executive Order 13364 of November 29, 2004, and 
Executive Order 13438 of July 17, 2007, is to continue in effect beyond 
May 22, 2010.
  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. Accordingly, I have 
determined that it is necessary to continue the national emergency with 
respect to this threat and maintain in force the measures taken to deal 
with that national emergency.
  The Iraqi government continues to take steps to resolve debts and 
settle claims arising from the actions of the previous regime. Before 
the end of the year, my Administration will review the Iraqi 
government's progress on resolving these outstanding debts and claims, 
as well as other relevant circumstances, in order to determine whether 
the prohibitions contained in Executive Order 13303 of May 22, 2003, as 
amended by Executive Order 13364 of November 29, 2004, on any 
attachment, judgment, decree, lien, execution, garnishment, or other 
judicial process with respect to the Development Fund for Iraq, the 
accounts, assets, and property held by the Central Bank of Iraq, and 
Iraqi petroleum-related products, should continue in effect beyond 
December 31, 2010, which are in addition to the sovereign immunity 
ordinarily provided to Iraq as a sovereign nation under otherwise 
applicable law.
                                                        Barack Obama.  
The White House, May 12, 2010.

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