[Weekly Compilation of Presidential Documents Volume 43, Number 21 (Monday, May 28, 2007)]
[Page 660]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Notice--Continuation of the National Emergency Protecting the 
Development Fund for Iraq and Certain Other Property in Which Iraq Has 
an Interest

May 18, 2007

    On May 22, 2003, by Executive Order 13303, I declared a national 
emergency protecting the Development Fund for Iraq and certain other 
property in which Iraq has an interest, pursuant to the International 
Emergency Economic Powers Act (50 U.S.C. 1701-1706) (IEEPA). I took this 
action to deal with the unusual and extraordinary threat to the national 
security and foreign policy of the United States posed by the obstacles 
to the orderly reconstruction of Iraq, the restoration and maintenance 
of peace and security in the country, and the development of political, 
administrative, and economic institutions in Iraq constituted by the 
threat of attachment or other judicial process against the Development 
Fund for Iraq, Iraqi petroleum and petroleum products, and interests 
therein, and proceeds, obligations, or any financial instruments of any 
nature whatsoever arising from or related to the sale or marketing 
thereof, and interests therein.
    In Executive Order 13315, of August 28, 2003, Executive Order 13350 
of July 29, 2004, and Executive Order 13364 of November 29, 2004, I 
modified the scope of the national emergency declared in Executive Order 
13303 and amended the steps taken pursuant to it.
    Because the obstacles to the orderly reconstruction of Iraq, the 
restoration and maintenance of peace and security in the country, and 
the development of political, administrative, and economic institutions 
in Iraq continue to pose an unusual and extraordinary threat to the 
national security and foreign policy of the United States, the national 
emergency declared on May 22, 2003, and the measures adopted on that 
date, August 28, 2003, July 29, 2004, and November 29, 2004, to deal 
with that emergency must continue in effect beyond May 22, 2007. 
Therefore, in accordance with section 202(d) of the National Emergencies 
Act (50 U.S.C. 1622(d)), I am continuing for 1 year the national 
emergency protecting the Development Fund for Iraq and certain other 
property in which Iraq has an interest.
    This notice shall be published in the Federal Register and 
transmitted to the Congress.
                                                George W. Bush
 The White House,
 May 18, 2007.

 [Filed with the Office of the Federal Register, 1:57 p.m., May 18, 
2007]

Note: This notice was released by the Office of the Press Secretary on 
May 21, and it was published in the Federal Register on May 21.