    [Public Papers of the Presidents of the United States: George W. Bush (2007, Book I)]
    [May 18, 2007]
    [Pages 601-602]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Message to the Congress on Continuation of the National Emergency
    Protecting the Development Fund for Iraq and Certain Other Property in
    Which Iraq Has an Interest
    May 18, 2007

    To the Congress of the United States:
        Section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d))
    provides for the automatic termination of a national emergency unless,
    prior to the anniversary date of its declaration, the President
    publishes in the Federal Register and transmits to the Congress a notice
    stating that the emergency is to continue in effect beyond the
    anniversary date. In accordance with this provision, I have sent the
    enclosed notice to the Federal Register for publication. This notice
    states that the national emergency declared in Executive Order 13303 of
    May 22, 2003, as modified in scope and relied upon for additional steps
    taken in Executive Order 13315 of August 28, 2003, Executive Order 13350
    of July 29, 2004, and Executive Order 13364 of November 29, 2004, is to
    continue in effect beyond May 22, 2007.
        The threats of attachment or other judicial process against (i) the
    Development Fund for Iraq, (ii) 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, or (iii) any accounts,
    assets, investments, or any other property of any kind owned by,
    belonging to, or held by, on behalf of, or otherwise for the Central
    Bank of Iraq obstruct the orderly reconstruction of Iraq. These threats
    also impede the restoration and maintenance of peace and security and
    the development of political, administrative, and economic institutions
    in Iraq. These threats continue to pose an unusual and extraordinary
    threat to the national security and foreign policy of the United States.
    Accordingly, I have determined that it is necessary to continue the
    national emergency protecting the Development Fund for Iraq, certain
    other property in which Iraq has an interest, and the Central Bank of
    Iraq and maintain in force the measures to respond to this threat.

                                                              George W. Bush

     The White House,

     May 18, 2007.

    Note: This message was released by the Office of the Press Secretary on
    May 21. The related notice of May 18 is listed in Appendix D at the end
    of this volume.

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