[Federal Register Volume 82, Number 217 (Monday, November 13, 2017)]
[Rules and Regulations]
[Pages 52209-52210]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-24521]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 543
Removal of C[ocirc]te d'Ivoire Sanctions Regulations
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Final rule.
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SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is removing from the Code of Federal Regulations the
C[ocirc]te d'Ivoire Sanctions Regulations as a result of the
termination of the national emergency on which the regulations were
based.
DATES: Effective: November 13, 2017.
FOR FURTHER INFORMATION CONTACT: The Department of the Treasury's
Office of Foreign Assets Control: Assistant Director for Licensing,
tel.: 202/622-2480, Assistant Director for Regulatory Affairs, tel.:
202/622-4855, Assistant Director for Sanctions Compliance & Evaluation,
tel.: 202/622-2490, or the Department of the Treasury's Office of the
Chief Counsel (Foreign Assets Control), Office of the General Counsel,
tel.: 202/622-2410.
SUPPLEMENTARY INFORMATION:
Electronic and Facsimile Availability
This document and additional information concerning OFAC are
available from OFAC's Web site (www.treasury.gov/ofac).
Background
On February 7, 2006, the President issued Executive Order 13396,
``Blocking Property of Certain Persons Contributing to the Conflict in
C[ocirc]te d'Ivoire'' (E.O. 13396), in which the President declared a
national emergency to deal with the unusual and extraordinary threat to
the national security and foreign policy of the United States posed by
the situation in or in relation to C[ocirc]te d'Ivoire. That situation,
which had been addressed by the United Nations Security Council in
Resolution 1572 of November 15, 2004, and subsequent resolutions, had
resulted in the massacre of large numbers of civilians, widespread
human rights abuses, significant political violence and unrest, and
attacks against international peacekeeping forces leading to
fatalities. E.O. 13396 blocked all property and interests in property
of the persons listed in the Annex to E.O. 13396 and any person
determined to meet one or more of the criteria set out in E.O. 13396.
On April 13, 2009, OFAC issued the Persons Contributing to the
Conflict in C[ocirc]te d'Ivoire Sanctions Regulations, 31 CFR part 543
(the ``Regulations''), as a final rule to implement E.O. 13396 (74 FR
16763, April 13, 2009). On July 21, 2009, OFAC issued an amendment to
the Regulations to change the heading of the Regulations to the
C[ocirc]te d'Ivoire Sanctions Regulations (74 FR 35802, July 21, 2009).
OFAC also amended the Regulations on February 8, 2012, to add a
definition of a term used in the Regulations (77 FR 6463, Feb. 8,
2012).
On September 14, 2016, the President issued Executive Order 13739,
``Termination of Emergency With Respect to the Situation in or in
Relation to C[ocirc]te d'Ivoire'' (E.O. 13739). In E.O. 13739, the
President found that the situation that gave rise to the
[[Page 52210]]
declaration of a national emergency in E.O. 13396 with respect to the
situation in or in relation to C[ocirc]te d'Ivoire had been
significantly altered by the progress achieved in the stabilization of
C[ocirc]te d'Ivoire, including the successful conduct of the October
2015 presidential election, progress on the management of arms and
related materiel, and the combatting of illicit trafficking in natural
resources. Accordingly, and in view of the removal of multilateral
sanctions by the United Nations Security Council in Resolution 2283,
the President terminated the national emergency and revoked E.O. 13396.
Therefore, OFAC is removing the Regulations from the Code of
Federal Regulations. Pursuant to section 202 of the National
Emergencies Act (50 U.S.C. 1622) and section 1 of E.O. 13739,
termination of the national emergency declared in E.O. 13396 shall not
affect any action taken or proceeding pending and not fully concluded
or determined as of 8:00 a.m. eastern daylight time on September 14,
2016 (the effective date of E.O. 13739), any action or proceeding based
on any act committed prior to the effective date, or any rights or
duties that matured or penalties that were incurred prior to the
effective date.
Public Participation
Because the 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, as well as the
provisions of Executive Order 13771, 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.
Paperwork Reduction Act
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 in 31 CFR Part 543
Administrative practice and procedure, Banks, Banking, Blocking of
assets, C[ocirc]te d'Ivoire, Credit, Foreign trade, Penalties,
Reporting and recordkeeping requirements, Securities, Services.
For reasons set forth in the preamble, and under the authority of 3
U.S.C. 301; 50 U.S.C. 1601-1651; E.O. 13396, 71 FR 7389, 3 CFR, 2006
Comp., p. 209; E.O. 13739, 81 FR 63673 (September 16, 2016), OFAC
amends 31 CFR chapter V as follows:
PART 543--[REMOVED]
0
1. Remove part 543.
Dated: November 7, 2017.
John E. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2017-24521 Filed 11-9-17; 8:45 am]
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