    [Public Papers of the Presidents of the United States: George W. Bush (2001, Book II)]
    [December 12, 2001]
    [Pages 1514-1515]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Memorandum on Provision of Marine War Risk Insurance Coverage
    December 12, 2001

    Memorandum for the Secretary of State, the Secretary of Transportation

    Subject: Provision of Marine War Risk Insurance Coverage

        By virtue of the authority vested in me by the Constitution and laws
    of the United States, including 3 U.S.C. 301 and section 1202 of the
    Merchant Marine Act, 1936, as amended (the ``Act''), 46 U.S.C. App.
    1282, I hereby:

          Approve the provision by the Secretary of Transportation of
            insurance or reinsurance of vessels (including cargoes and crew)
            entering the Middle East region against loss or damage by war
            risks in the manner and to the extent approved in title XII of
            the Act, 46 U.S.C. App. 1281, et seq., for purposes of
            responding to the recent terrorist attacks, whenever, after
            consultation

    [[Page 1515]]

            with the Department of State, it appears to the Secretary of
            Transportation that such insurance adequate for the needs of the
            waterborne commerce of the United States cannot be obtained on
            reasonable terms and conditions from companies authorized to do
            an insurance business in a State of the United States. This
            approval is effective for 6 months. I hereby delegate to the
            Secretary of Transportation, in consultation with the Secretary
            of State, the authority vested in me by section 1202 of the Act,
            to approve the provision of insurance or reinsurance for these
            purposes after the expiration of 6 months.

        The Secretary of Transportation is directed to bring this approval
    to the immediate attention of all operators and to arrange for its
    publication in the Federal Register.

                                                              George W. Bush

    Note: This memorandum was released by the Office of the Press Secretary
    on December 14. It was not received for publication in the Federal
    Register.