[Federal Register Volume 71, Number 61 (Thursday, March 30, 2006)]
[Rules and Regulations]
[Pages 16042-16043]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 06-3024]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Parts 550, 590, and 591


Libyan Sanctions Regulations, Angola (UNITA) Sanctions 
Regulations, Rough Diamonds (Liberia) Sanctions Regulations

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Final rule.

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SUMMARY: The Treasury Department's Office of Foreign Assets Control is 
removing from the Code of Federal Regulations the Libyan Sanctions 
Regulations, the Angola (UNITA) Sanctions Regulations, and the Rough 
Diamonds (Liberia) Sanctions Regulations, as a result of the 
termination of the national emergencies, and revocation of the 
Executive orders, on which those regulations were based.

DATES: Effective Date: March 30, 2006.

FOR FURTHER INFORMATION CONTACT: Assistant Director, Policy, Office of 
Foreign Assets Control, tel.: 202/622-4855, or Chief Counsel (Foreign 
Assets Control), Office of the General Counsel, Department of the 
Treasury, tel.: 202/622-2410 (not toll free numbers).

SUPPLEMENTARY INFORMATION:

Electronic and Facsimile Availability

    This file is available for download without charge in ASCII and 
Adobe Acrobat readable (*.PDF) formats at GPO Access. GPO Access 
supports HTTP, FTP, and Telnet at fedbbs.access.gpo.gov. It may also be 
accessed by modem dialup at 202/512-1387 followed by typing ``/GO/
FAC.'' Paper copies of this document can be obtained by calling the 
Government Printing Office at 202/512-1530. This document and 
additional information concerning the programs of the Office of Foreign 
Assets Control are available for downloading from the Office's Internet 
Home Page: http://www.treas.gov/ofac, or via FTP at ofacftp.treas.gov. 
Facsimiles of information are available 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

    On May 6, 2003, the President issued Executive Order 13298 (68 FR 
24857, May 8, 2003), terminating the national emergency declared in 
Executive Order 12865 of September 26, 1993, with respect to the 
actions and policies of the National Union for the Total Independence 
of Angola (``UNITA'') and revoking Executive Orders 12865, 13069, and 
13098. In terminating the national emergency, the President chose to 
end all blocking of any assets previously blocked under the Angola 
(UNITA) Sanctions Regulations.
    On September 20, 2004, the President issued Executive Order 13357 
(69 FR 56665, September 22, 2004), terminating the national emergency 
declared in Executive Order 12543 of January 7, 1986, with respect to 
the actions and policies of the Government of Libya and revoking 
Executive Orders 12543, 12544, 12801, and 12538. In terminating the 
national emergency, the President chose to end all blocking of any 
assets previously blocked under the Libyan Sanctions Regulations.
    Executive Order 13357 superseded a series of general licenses and 
amendments thereof, effective February 26, 2004, April 2, 2004, April 
23, 2004, and August 6, 2004, which had authorized certain travel-
related and residence-related transactions, as well as certain new 
transactions with Libya. The text of these licenses is available on the 
Office of Foreign Assets Control Web site at: http://www.treas.gov/offices/enforcement/ofac/sanctions/sanctguide-libya.shtml.
    Please note that certain transactions involving the Government of 
Libya, including entities owned or controlled by the Government of 
Libya, remain subject to the Terrorism List Governments Sanctions 
Regulations, 31 CFR part 596.
    On January 15, 2004, the President issued Executive Order 13324 (69 
FR 2823, January 20, 2004), terminating the national emergency declared 
with respect to the illicit trade in diamonds from Sierra Leone and 
Liberia and revoking Executive Orders 13194 and 13213. Please note that 
the President issued Executive Order 13448 on July 27, 2004, declaring 
a national emergency with respect to the actions and policies of former 
Liberian President Charles Taylor and other persons. This order, which 
remains in effect, blocks the assets of, and prohibits transactions 
with, these and other subsequently-designated persons.
    In addition, on July 29, 2003, the President issued Executive Order 
13312, implementing the Clean Diamond Trade Act, Pub. L. 108-19, and 
the Kimberly Process Certification Scheme for rough diamonds. Executive 
Order 13312 prohibits, subject to certain Presidential waiver 
authorities, the importation into, and exportation from, the United 
States of any rough diamonds, from whatever source, not controlled 
through the Kimberly Process Certification Scheme. To implement 
Executive Order 13312, the Office of Foreign Assets Control (``OFAC'') 
issued interim regulations, effective July 30, 2003, under 31 CFR part 
592, Rough Diamonds Control Regulations (68 Fed. Reg. 45777, August 4, 
2003); on September 23, 2004, OFAC issued the final Rough Diamonds 
Control Regulations (69 Fed. Reg. 56936, September 23, 2004). As a 
result of these actions, all controls on rough diamonds are contained 
in 31 CFR part 592, Rough Diamonds Control Regulations.
    Accordingly, OFAC is removing the Libyan Sanctions Regulations, 31 
CFR part 550, the Angola (UNITA) Sanctions Regulations, 31 CFR part 
590, and the Rough Diamonds (Liberia) Sanctions Regulations, 31 CFR 
part 591. Removal of these parts does not affect ongoing enforcement 
proceedings or prevent the initiation of enforcement proceedings where 
the relevant statute of limitations has not run.

Executive Order 12866, Administrative Procedure Act, Regulatory 
Flexibility Act, and Paperwork Reduction Act

    Because the Libyan Sanctions Regulations, Angola (UNITA) Sanctions 
Regulations, and Rough Diamonds (Liberia) Sanctions Regulations involve 
a foreign affairs function, the provisions of Executive Order 12866 and 
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.
    The Paperwork Reduction Act does not apply because this rule does 
not impose information collection requirements that would require the 
approval of the Office of Management and Budget under 44 U.S.C. 3501 et 
seq.

List of Subjects

31 CFR Part 550

    Administrative practice and procedure, Banks, Banking, Currency, 
Foreign investments in United States, Foreign trade, Libya, Penalties, 
Reporting and recordkeeping requirements, Securities, Travel 
restrictions.

[[Page 16043]]

31 CFR Part 590

    Administrative practice and procedure, Angola, Arms and munitions, 
Exports, Foreign trade, Penalties, Reporting and recordkeeping 
requirements, Transportation.

31 CFR Part 591

    Administrative practice and procedure, Diamonds, Exports, Foreign 
trade, Imports, Liberia, Penalties, Reporting and recordkeeping 
requirements.

PARTS 550, 590 AND 591--[REMOVED]

0
For the reasons set forth in the preamble, and under the authority of 
50 U.S.C. 1701 et seq. and Executive Orders 13298, 13324, and 13357, 31 
CFR chapter V is amended by removing parts 550, 590, and 591.

    Dated: March 6, 2006.
Barbara C. Hammerle,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 06-3024 Filed 3-29-06; 8:45 am]
BILLING CODE 4810-25-P