[United States Statutes at Large, Volume 122, 110th Congress, 2nd Session]
[From the U.S. Government Publishing Office, www.gpo.gov]

122 STAT. 5325


 
PROCLAMATION 8271--JUNE 26, 2008



Proclamation 8271 of June 26, 2008
Termination of the Exercise of Authorities Under the Trading With the
Enemy Act With Respect to North Korea
By the President of the United States of America
A Proclamation
I, GEORGE W. BUSH, President of the United States of America, by the
authority vested in me by the Constitution and the laws of the United
States, including section 101(b) of Public Law 95-223 (91 Stat. 1625; 50
U.S.C. App. 5(b) note), hereby find that the continuation of the
exercise of authorities under the Trading With the Enemy Act (50 U.S.C.
App. 1 et seq.) (TWEA) with respect to North Korea, as authorized in
Proclamation 2914 of December 16, 1950, most recently continued under
Presidential Determination 2007-32 of September 13, 2007 (72 FR 53407),
and implemented by the regulations set forth below, is no longer in the
national interest of the United States.
Section 1. The exercise of TWEA authorities with respect to North Korea,
which were implemented by the Foreign Assets Control Regulations, 31
C.F.R. part 500, and the Transaction Control Regulations, 31 C.F.R. part
505, and that were continued by Presidential Determination 2007-32 of
September 13, 2007, is terminated, and Presidential Determination 2007-
32 is rescinded with respect to North Korea.
Sec. 2. The Secretary of the Treasury is authorized and directed to take
all appropriate measures within the Secretary's authority to give effect
to this proclamation.
Sec. 3. This proclamation is not intended to, and does not, create any
right, benefit, or privilege, substantive or procedural, enforceable at
law or in equity, by any party against the United States, its
departments, agencies, instrumentalities, or entities, its officers or
employees, or any other person.
Sec. 4. This proclamation is effective at 12:01 a.m. eastern daylight
time on June 27, 2008.
IN WITNESS WHEREOF, I have hereunto set my hand this twenty-sixth day of
June, in the year of our Lord two thousand eight, and of the
Independence of the United States of America the two hundred and thirty-
second.
GEORGE W. BUSH