[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.