[Federal Register Volume 77, Number 37 (Friday, February 24, 2012)]
[Presidential Documents]
[Pages 11381-11382]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-4615]


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  Federal Register / Vol. 77 , No. 37 / Friday, February 24, 2012 / 
Presidential Documents  

[[Page 11381]]


                Notice of February 23, 2012

                
Continuation of the National Emergency With 
                Respect to Libya

                On February 25, 2011, by Executive Order 13566, I 
                declared a national emergency pursuant to the 
                International Emergency Economic Powers Act (50 U.S.C. 
                1701-1706) to deal with the unusual and extraordinary 
                threat to the national security and foreign policy of 
                the United States constituted by Colonel Muammar 
                Qadhafi, his government, and close associates who took 
                extreme measures against the people of Libya, including 
                by using weapons of war, mercenaries, and wanton 
                violence against unarmed civilians. In addition, there 
                was a serious risk that Libyan state assets would be 
                misappropriated by Qadhafi, members of his government, 
                members of his family, or his close associates if those 
                assets were not protected. The foregoing circumstances, 
                the prolonged attacks, and the increased numbers of 
                Libyans seeking refuge in other countries caused a 
                deterioration in the security of Libya and posed a 
                serious risk to its stability.

                We are in the process of winding down the sanctions in 
                response to the many positive developments in Libya, 
                including the fall of Qadhafi and his government. We 
                are working closely with the new Libyan government and 
                with the international community to effectively and 
                appropriately ease restrictions on sanctioned entities, 
                including by taking action consistent with the U.N. 
                Security Council's decision to lift sanctions against 
                the Central Bank of Libya and two other entities on 
                December 16, 2011. However, the situation in Libya 
                continues to pose an unusual and extraordinary threat 
                to the national security and foreign policy of the 
                United States and we need to protect against this 
                threat and the diversion of assets or other abuse by 
                certain members of Qadhafi's family and other former 
                regime officials. Therefore, the national emergency 
                declared on February 25, 2011, and the measures adopted 
                on that date to deal with that emergency, must continue 
                in effect beyond February 25, 2012. 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 declared in Executive 
                Order 13566.

[[Page 11382]]

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

                THE WHITE HOUSE,

                    February 23, 2012.

[FR Doc. 2012-4615
Filed 2-23-12; 11:15 am]
Billing code 3295-F2-P