[Congressional Record (Bound Edition), Volume 158 (2012), Part 6]
[Senate]
[Pages 7517-7518]
[From the U.S. 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, RECEIVED 
        DURING ADJOURNMENT OF THE SENATE ON MAY 18, 2012--PM 50

  The PRESIDING OFFICER laid before the Senate the following message

[[Page 7518]]

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, 
within 90 days 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, 2012.
  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.
  Recognizing positive developments in Iraq, my Administration will 
continue to evaluate Iraq's progress in resolving outstanding debts and 
claims arising from actions of the previous regime, so that I may 
determine whether to further continue 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, which 
are in addition to the sovereign immunity accorded Iraq under otherwise 
applicable law.
                                                        Barack Obama.  
The White House, May 18, 2012.

                          ____________________