[Congressional Record (Bound Edition), Volume 150 (2004), Part 14]
[Senate]
[Pages 18688-18689]
[From the U.S. Government Publishing Office, www.gpo.gov]




  EXECUTIVE ORDER THAT TERMINATES THE EMERGENCY DECLARED IN EXECUTIVE 
ORDER 12543 WITH RESPECT TO THE POLICIES AND ACTIONS OF THE GOVERNMENT 
          OF LIBYA AND REVOKES RELATED EXECUTIVE ORDERS--PM 94

  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:
  Consistent with subsection 204(b) of the International Emergency 
Economic Powers Act, 50 U.S.C. 1703(b) (IEEPA), I hereby report that I 
have issued an Executive Order (the ``order'') that terminates the 
national emergency declared in Executive Order 12543 of January 7, 
1986, and revokes that Executive Order, Executive Order 12544 of 
January 8, 1986, Executive Order 12801 of April 15, 1992, and Executive 
Order 12538 of November 15, 1985. I have determined that the situation 
that gave rise to this national emergency has been significantly 
altered by Libya's commitments and actions to eliminate its weapons of 
mass destruction programs and its Missile Technology Control Regime 
(MTCR) -class missiles, and by other developments.
  Executive Order 12543 of January 7, 1986, imposed sanctions on Libya 
in response to policies and actions of the Government of Libya that 
constituted an unusual and extraordinary threat to the national 
security and foreign policy of the United States. Those sanctions were 
modified in Executive Order 12544 of January 8, 1986, Executive Order 
12801 of April 15, 1992, and supplemented Executive Order 12548 of 
November 15, 1985.
  Based on Libya's recent commitments and actions to implement its 
December 19, 2003, commitment to eliminate its weapons of mass 
destruction programs and its MTCR-class missiles, and other 
developments, I have determined that the situation that gave rise to 
the national emergency declared in Executive Order 12543 has been 
significantly altered. My order, therefore, terminates that national 
emergency with respect to Libya and revokes Executive Orders 12543, 
12544, and 12801, and lifts the trade, commercial, and travel sanctions 
imposed against Libya based on that national emergency. The order also 
revokes Executive Order 12538, which blocked the import of petroleum 
products refined in Libya into the United States.
  While the order formally lifts sanctions under the national emergency 
with respect to Libya, it will not lift a wide variety of other 
sanctions imposed on Libya due to its designation as a state sponsor of 
terrorism under section 620A of the Foreign Assistance Act (restriction 
on arms exports), and section 6(j) of the Export Administration Act of 
1979 (restriction on exports of certain items on the Commodity Control 
List), as well as other statutory restrictions applicable to Libya.
  I have enclosed a copy of the order, which is effective at 12:01 a.m. 
eastern daylight time on September 21, 2004.
                                                      George W. Bush.  
                                   The White House, September 20, 2004.

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