[Federal Register Volume 72, Number 97 (Monday, May 21, 2007)]
[Presidential Documents]
[Pages 28581-28582]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 07-2564]



[[Page 28579]]

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Part III





The President





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Notice of May 18, 2007--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. 72, No. 97 / Monday, May 21, 2007 / 
Presidential Documents  

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 Title 3--
 The President

[[Page 28581]]

                Notice of May 18, 2007

                
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) (IEEPA). 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, and interests 
                therein.

                In Executive Order 13315, of August 28, 2003, Executive 
                Order 13350 of July 29, 2004, and Executive Order 13364 
                of November 29, 2004, I modified the scope of the 
                national emergency declared in Executive Order 13303 
                and amended the steps taken pursuant to it.

                Because 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 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, 
                August 28, 2003, July 29, 2004, and November 29, 2004, 
                to deal with that emergency must continue in effect 
                beyond May 22, 2007. 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 28582]]

                This notice shall be published in the Federal Register 
                and transmitted to the Congress.
                
                
                    (Presidential Sig.)

                THE WHITE HOUSE,

                     May 18, 2007.

[FR Doc. 07-2564
Filed 5-18-07; 1:57 pm]
Billing code 3195-01-P