[Federal Register Volume 69, Number 99 (Friday, May 21, 2004)]
[Presidential Documents]
[Pages 29409-29410]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-11817]



[[Page 29407]]

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Part V





The President





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Notice of May 20, 2004--Continuation of the National Emergency 
Protecting the Development Fund for Iraq and Certain Other Property in 
Which Iraq has an Interest
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  Federal Register / Vol. 69, No. 99 / Friday, May 21, 2004 / 
Presidential Documents  

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 Title 3--
 The President

[[Page 29409]]

                Notice of May 20, 2004

                
Continuation of the National Emergency Protecting 
                the Development Fund for Iraq and Certain Other 
                Property in Which Iraq has an Interest

                On May 22, 2003, by Executive Order 13303, I declared a 
                national emergency protecting the Development Fund for 
                Iraq and certain other property in which Iraq has an 
                interest, pursuant to the International Emergency 
                Economic Powers Act (50 U.S.C. 1701-1706). I took this 
                action to deal with the unusual and extraordinary 
                threat to the national security and foreign policy of 
                the United States posed by the 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 constituted by the threat of 
                attachment or other judicial process against the 
                Development Fund for Iraq, Iraqi petroleum and 
                petroleum products, and interests therein, and 
                proceeds, obligations, or any financial instruments of 
                any nature whatsoever arising from or related to the 
                sale or marketing thereof.

                On August 28, 2003, in Executive Order 13315, I 
                expanded the scope of this national emergency to block 
                the property of the former Iraqi regime, its senior 
                officials and their family members as the removal of 
                Iraqi property from that country by certain senior 
                officials of the former Iraqi regime and their 
                immediate family members constitutes an obstacle 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.

                Because these 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, the national emergency declared on 
                May 22, 2003, and the measures adopted on that date and 
                on August 28, 2003, to deal with that emergency, must 
                continue in effect beyond May 22, 2004. Therefore, in 
                accordance with section 202(d) of the National 
                Emergencies Act (50 U.S.C. 1622(d)), I am continuing 
                for 1 year the national emergency protecting the 
                Development Fund for Iraq and certain other property in 
                which Iraq has an interest.

[[Page 29410]]

                This notice shall be published in the Federal Register 
                and transmitted to the Congress.

                    (Presidential Sig.)B

                THE WHITE HOUSE,

                     May 20, 2004.

[FR Doc. 04-11817
Filed 5-20-04; 2:48 pm]
Billing code 3195-01-P