[Federal Register Volume 71, Number 46 (Thursday, March 9, 2006)]
[Presidential Documents]
[Page 12119]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 06-2338]


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  Federal Register / Vol. 71, No. 46 / Thursday, March 9, 2006 / 
Presidential Documents  

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 Title 3--
 The President

[[Page 12119]]

                Presidential Determination No. 2006-11 of February 28, 
                2006

                
Export-Import Bank Programs for or in Libya

                Memorandum for the Secretary of State

                By the authority vested in me as President by the 
                Constitution and laws of the United States of America, 
                including sections 620A and 621 of the Foreign 
                Assistance Act of 1961, as amended (22 U.S.C. 2371 and 
                2381), section 113 in Division J of the Consolidated 
                Appropriations Act, 2005 (Public Law 108-447):

                    1. I hereby determine that:

(a) national security interests justify a waiver of the prohibition in 
subsection (a) of section 620A of the Foreign Assistance Act of 1961 with 
respect to the provision of assistance under the Export-Import Bank Act of 
1945, as amended (12 U.S.C. 635 et seq.), for Libya; and

(b) it is important to the national security interests of the United States 
that direct loans, credits, insurance, and guarantees of the Export-Import 
Bank or its agents may be made available for or in Libya, notwithstanding 
section 507 or similar provisions in the Foreign Operations, Export 
Financing, and Related Programs Appropriations Act, 2005 (Division D of 
Public Law 108-447), or prior acts making appropriations for foreign 
operations, export financing, and related programs.

                    2. I hereby waive, through the date that is 24 
                months from the date of this memorandum, the 
                prohibition in subsection (a) of section 620A of the 
                Foreign Assistance Act of 1961 with respect to the 
                provision of assistance under the Export-Import Bank 
                Act of 1945, as amended, for Libya.
                    3. The function of the President under subsection 
                (d) of section 620A of the Foreign Assistance Act of 
                1961 is assigned to the Secretary of State, effective 
                on the date that is 22 months from the date of this 
                memorandum, with respect to provision of assistance 
                under the Export-Import Bank Act of 1945, as amended, 
                for Libya.

                You are authorized and directed to transmit this 
                determination to the Congress and publish in the 
                Federal Register.

                    (Presidential Sig.)B

                THE WHITE HOUSE,

                    Washington, February 28, 2006.

[FR Doc. 06-2338
Filed 3-8-06; 8:45 am]
Billing code 4710-10-P