[Federal Register Volume 62, Number 69 (Thursday, April 10, 1997)]
[Rules and Regulations]
[Page 17548]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-9206]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 500


Foreign Assets Control Regulations: Overflight Payments to North 
Korea

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Final rule; amendment.

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SUMMARY: This rule amends the Foreign Assets Control Regulations to 
authorize by general license payments with respect to the provision of 
services by North Korea in connection with the overflight of North 
Korea or emergency landings in North Korea by aircraft owned or 
controlled by a person subject to the jurisdiction of the United States 
or registered in the United States.

EFFECTIVE DATE: April 7, 1997.

FOR FURTHER INFORMATION CONTACT: Steven I. Pinter, Chief of Licensing, 
tel.: 202/622-2480, or William B. Hoffman, Chief Counsel, tel.: 202/
622-2410, Office of Foreign Assets Control, Department of the Treasury, 
Washington, DC 20220.

SUPPLEMENTARY INFORMATION:

Electronic Availability

    This document is available as an electronic file on The Federal 
Bulletin Board the day of publication in the Federal Register. By 
modem, dial 202/512-1387 and type ``/GO FAC,'' or call 202/512-1530 for 
disk or paper copies. This file is available for downloading without 
charge in WordPerfect 5.1, ASCII, and Adobe AcrobatTM readable 
(*.PDF) formats. For Internet access, the address for use with the 
World Wide Web (Home Page), Telnet, or FTP protocol is: 
fedbbs.access.gpo.gov. The document is also accessible for downloading 
in ASCII format without charge from Treasury's Electronic Library 
(``TEL'') in the ``Business, Trade and Labor Mall'' of the FedWorld 
bulletin board. By modem, dial 703/321-3339, and select the appropriate 
self-expanding file in TEL. For Internet access, use one of the 
following protocols: Telnet = fedworld.gov (192.239.93.3); World Wide 
Web (Home Page) = http://www.fedworld.gov; FTP = ftp.fedworld.gov 
(192.239.92.205). Additional information concerning the programs of the 
Office of Foreign Assets Control is available for downloading from the 
Office's Internet Home Page: http://www.ustreas.gov/treasury/services/
fac/fac.html, or in fax form through the Office's 24-hour fax-on-demand 
service: call 202/622-0077 using a fax machine, fax modem, or (within 
the United States) a touch-tone telephone.

Background

    As part of the October 21, 1994 United States-Democratic People's 
Republic of Korea Agreed Framework, the United States undertook to ease 
economic sanctions against North Korea. As a measure consistent with 
this foreign policy, the Treasury Department is amending the Foreign 
Assets Control Regulations, 31 CFR part 500 (the ``Regulations''), by 
adding Sec.  500.585 to authorize, by general license, the payment of 
fees with respect to the provision of services by North Korea in 
connection with the overflight of North Korea or emergency landings in 
North Korea by aircraft owned or controlled by a person subject to the 
jurisdiction of the United States or registered in the United States.
    Because the Regulations involve a foreign affairs function, 
Executive Order 12866 and the provisions of the Administrative 
Procedure Act, 5 U.S.C. 553, requiring notice of proposed rulemaking, 
opportunity for public participation, and delay in effective date are 
inapplicable. Because no notice of proposed rulemaking is required for 
this rule, the Regulatory Flexibility Act, 5 U.S.C. 601-612, does not 
apply.

List of Subjects in 31 CFR Part 500

    Administrative practice and procedure, Banks, banking, Blocking of 
assets, Cambodia, Exports, Finance, Foreign claims, Foreign investment 
in the United States, Foreign trade, Imports, Information and 
informational materials, International organizations, North Korea, 
Penalties, Reporting and recordkeeping requirements, Securities, 
Services, Specially designated nationals, Terrorism, Travel 
restrictions, Trusts and estates, Vietnam.
    For the reasons set forth in the preamble, 31 CFR part 500 is 
amended as set forth below:
    1. The authority citation for part 500 is revised to read as 
follows:

    Authority: 50 U.S.C. App. 1-44; Pub. L. 101-410, 104 Stat. 890 
(28 U.S.C. 2461 note); Pub. L. 104-132, 110 Stat. 1214, 1254 (18 
U.S.C. 2332d); E.O. 9193, 7 FR 5205, 3 CFR, 1938-1943 Comp., p. 
1174; E.O. 9989, 13 FR 4891, 3 CFR, 1943-1948 Comp., p. 748.

Subpart E--Licenses, Authorizations, and Statements of Licensing 
Policy

 2. Section 500.585 is added to read as follows:


 Sec. 500.585 Payments for services rendered by North Korea to United 
States aircraft authorized.

    Payments to North Korea of charges for services rendered by the 
Government of North Korea in connection with the overflight of North 
Korea or emergency landing in North Korea by aircraft owned or 
controlled by a person subject to the jurisdiction of the United States 
or registered in the United States are authorized.

    Dated: March 24, 1997.
R. Richard Newcomb,
Director, Office of Foreign Assets Control.
    Approved: March 31, 1997.
James E. Johnson,
Assistant Secretary (Enforcement).
[FR Doc. 97-9206 Filed 4-7-97; 12:05 pm]
BILLING CODE 4810-25-F