[Weekly Compilation of Presidential Documents Volume 34, Number 38 (Monday, September 21, 1998)]
[Page 1773]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Memorandum on the Trading With the Enemy Act

September 11, 1998

Presidential Determination No. 98-35

Memorandum for the Secretary of State, the Secretary of the Treasury

Subject: Extension of the Exercise of Certain Authorities Under the 
Trading With the Enemy Act

    Under section 101(b) of Public Law 95-223 (91 Stat. 1625; 50 U.S.C. 
App. 5(b) note), and a previous determination made by me on September 
12, 1997 (62 Fed. Reg. 49729), the exercise of certain authorities under 
the Trading With the Enemy Act is scheduled to terminate on September 
14, 1998.
    I hereby determine that the extension for 1 year of the exercise of 
those authorities with respect to the applicable countries is in the 
national interest of the United States.
    Therefore, pursuant to the authority vested in me by section 101(b) 
of Public Law 95-223, I extend for 1 year, until September 14, 1999, the 
exercise of those authorities with respect to countries affected by:
(1)         the Foreign Assets Control Regulations, 31 CFR Part 500;
(2)         the Transaction Control Regulations, 31 CFR Part 505; and
(3)         the Cuban Assets Control Regulations, 31 CFR Part 515.
    The Secretary of the Treasury is authorized and directed to publish 
this determination in the Federal Register.
                                            William J. Clinton

Note: This memorandum was released by the Office of the Press Secretary 
on September 14.