[Weekly Compilation of Presidential Documents Volume 34, Number 43 (Monday, October 26, 1998)]
[Page 2088]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Memorandum on Blocked Property of Terrorist-List States

October 21, 1998

Presidential Determination No. 99-1

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

Subject: Determination to Waive Requirements Relating to Blocked 
Property of Terrorist-List States

    By the authority vested in me as President by the Constitution and 
laws of the United States of America, including section 117 of the 
Treasury and General Government Appropriations Act, 1999, as contained 
in the Omnibus Consolidated and Emergency Supplemental Appropriations 
Act, 1999 (approved October 21, 1998), I hereby determine that the 
requirements of section 117, including the requirement that any property 
with respect to which financial transactions are prohibited or regulated 
pursuant to section 5(b) of the Trading with the Enemy Act (50 U.S.C. 
App. 5(b)), section 620(a) of the Foreign Assistance Act of 1961 (22 
U.S.C. 2370(a)), sections 202 and 203 of the International Emergency 
Economic Powers Act (50 U.S.C. 1701-1702), and proclamations, orders, 
regulations, and licenses issued pursuant thereto, be subject to 
execution or attachment in aid of execution of any judgment relating to 
a claim for which a foreign state claiming such property is not immune 
from the jurisdiction of courts of the United States or of the States 
under section 1605(a)(7) of title 28, United States Code, would impede 
the ability of the President to conduct foreign policy in the interest 
of national security and would, in particular, impede the effectiveness 
of such prohibitions and regulations upon financial transactions, and, 
therefore, pursuant to section 117(d), I hereby waive the requirements 
of section 117 in the interest of national security.
    The Secretary of State is authorized and directed to publish this 
determination in the Federal Register.
                                            William J. Clinton

Note: H.R. 4328, the Omnibus Consolidated and Emergency Supplemental 
Appropriations Act, 1999, was assigned Public Law No. 105-277.