    [Weekly Compilation of Presidential Documents Volume 29, Number 3 (Monday, January 25, 1993)]
    [Pages 63-64]
    [Online from the Government Publishing Office, www.gpo.gov]

    <R04>
    Letter to Congressional Leaders on Additional Measures With Respect to
    the Federal Republic of Yugoslavia (Serbia and Montenegro)

     January 19, 1993

    Dear Mr. Speaker:  (Dear Mr. President:)

        On June 1, 1992, pursuant to section 204(b) of the International
    Emergency Economic Powers Act (50 U.S.C. 1703(b)) and section 301 of the
    National Emergencies Act (50 U.S.C. 1631), I reported to the Congress by
    letters to the President of the Senate and the Speaker of the House,
    dated May 30, 1992, that I had exercised my statutory authority to issue
    Executive Order No. 12808 of May 30, 1992, declaring a national
    emergency and blocking ``Yugoslav Government'' property and property of
    the Governments of Serbia and Montenegro.
        On June 5, 1992, pursuant to the above authorities as well as
    section 1114 of the Federal Aviation Act of 1958, as amended (49 U.S.C.
    App. 1514), and section 5 of the United Nations Participation Act of
    1945, as amended (22 U.S.C. 287c), I reported to the Congress by letters
    to the President of the Senate and the Speaker of the House, that I had
    exercised my statutory authority to issue Executive Order No. 12810 of
    June 5, 1992, blocking property of and prohibiting transactions with the
    Federal Republic of Yugoslavia (Serbia and Montenegro). This latter
    action was taken to ensure that the eco-

    [[Page 64]]

    nomic measures that we are taking with respect to the Federal Republic
    of Yugoslavia (Serbia and Montenegro) conform to U.N. Security Council
    Resolution No. 757 (May 30, 1992).
        On November 16, 1992, the U.N. Security Council adopted Resolution
    No. 787, calling on member states to take additional measures to tighten
    the embargo against the Federal Republic of Yugoslavia (Serbia and
    Montenegro). On January 15, 1993, I took additional steps pursuant to
    the above statutory authorities to enhance the implementation of this
    international embargo and to conform to U.N. Security Council Resolution
    787 (November 16, 1992).
        The order that I signed on January 15, 1993:
        --prohibits any transaction within the United States or by a United
          States person related to the transshipment of commodities or
          products through the Federal Republic of Yugoslavia (Serbia and
          Montenegro) and revokes the previous exception for such
          transshipment contained in Executive Order No. 12810;
        --prohibits any transaction within the United States or by a United
          States person relating to any vessel, regardless of the flag under
          which it sails, in which a majority or controlling interest is
          held by a person or entity in the Federal Republic of Yugoslavia
          (Serbia and Montenegro); and
        --requires for purposes of Executive Order No. 12810 that any such
          vessel be considered as a vessel of the Federal Republic of
          Yugoslavia (Serbia and Montenegro).
        The order that I signed on January 15, 1993, authorizes the
    Secretary of the Treasury in consultation with the Secretary of State to
    take such actions as may be necessary to carry out the purposes of this
    order. Such actions may include the prohibition and regulation of trade
    and financial transactions involving any areas of the territory of the
    former Socialist Federal Republic of Yugoslavia as to which there is no
    adequate assurance that such transactions will not be diverted to the
    benefit of the Federal Republic of Yugoslavia (Serbia and Montenegro).
        The declaration of the national emergency made by Executive Order
    No. 12808 and the controls imposed under Executive Order No. 12810 and
    any other provisions of that order and of Executive Order No. 12810 not
    modified by or inconsistent with the January 15, 1993, order, remain in
    force and are unaffected by that order.
        Sincerely,
                                                       George Bush

    Note: Identical letters were sent to Thomas S. Foley, Speaker of the
    House of Representatives, and Dan Quayle, President of the Senate.