[Federal Register Volume 68, Number 102 (Wednesday, May 28, 2003)]
[Presidential Documents]
[Pages 31931-31932]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-13412]
[[Page 31929]]
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Part VIII
The President
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Executive Order 13303--Protecting the Development Fund for Iraq and
Certain Other Property in Which Iraq Has an Interest
Presidential Documents
Federal Register / Vol. 68, No. 102 / Wednesday, May 28, 2003 /
Presidential Documents
___________________________________________________________________
Title 3--
The President
[[Page 31931]]
Executive Order 13303 of May 22, 2003
Protecting the Development Fund for Iraq and
Certain Other Property in Which Iraq Has an Interest
By the authority vested in me as President by the
Constitution and the laws of the United States of
America, including the International Emergency Economic
Powers Act, as amended (50 U.S.C. 1701 et seq.)
(IEEPA), the National Emergencies Act (50 U.S.C. 1601
et seq.), section 5 of the United Nations Participation
Act, as amended (22 U.S.C. 287c) (UNPA), and section
301 of title 3, United States Code,
I, GEORGE W. BUSH, President of the United States of
America, find that 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, obstructs 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. This
situation constitutes an unusual and extraordinary
threat to the national security and foreign policy of
the United States and I hereby declare a national
emergency to deal with that threat.
I hereby order:
Section 1. Unless licensed or otherwise authorized
pursuant to this order, any attachment, judgment,
decree, lien, execution, garnishment, or other judicial
process is prohibited, and shall be deemed null and
void, with respect to the following:
(a) the Development Fund for Iraq, and
(b) all 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 which any foreign country or a
national thereof has any interest, that are in the
United States, that hereafter come within the United
States, or that are or hereafter come within the
possession or control of United States persons.
Sec. 2. (a) As of the effective date of this order,
Executive Order 12722 of August 2, 1990, Executive
Order 12724 of August 9, 1990, and Executive Order
13290 of March 20, 2003, shall not apply to the
property and interests in property described in section
1 of this order.
(b) Nothing in this order is intended to affect the
continued effectiveness of any rules, regulations,
orders, licenses or other forms of administrative
action issued, taken, or continued in effect heretofore
or hereafter under Executive Orders 12722, 12724, or
13290, or under the authority of IEEPA or the UNPA,
except as hereafter terminated, modified, or suspended
by the issuing Federal agency and except as provided in
section 2(a) of this order.
Sec. 3. For the purposes of this order:
(a) The term ``person'' means an individual or
entity;
(b) The term ``entity'' means a partnership,
association, trust, joint venture, corporation, group,
subgroup, or other organization;
(c) The term ``United States person'' means any
United States citizen, permanent resident alien, entity
organized under the laws of the United
[[Page 31932]]
States or any jurisdiction within the United States
(including foreign branches), or any person in the
United States;
(d) The term ``Iraqi petroleum and petroleum
products'' means any petroleum, petroleum products, or
natural gas originating in Iraq, including any Iraqi-
origin oil inventories, wherever located; and
(e) The term ``Development Fund for Iraq'' means
the fund established on or about May 22, 2003, on the
books of the Central Bank of Iraq, by the Administrator
of the Coalition Provisional Authority responsible for
the temporary governance of Iraq and all accounts held
for the fund or for the Central Bank of Iraq in the
name of the fund.
Sec. 4. (a) The Secretary of the Treasury, in
consultation with the Secretary of State and the
Secretary of Defense, is hereby authorized to take such
actions, including the promulgation of rules and
regulations, and to employ all powers granted to the
President by IEEPA and the UNPA as may be necessary to
carry out the purposes of this order. The Secretary of
the Treasury may redelegate any of these functions to
other officers and agencies of the United States
Government. All agencies of the United States
Government are hereby directed to take all appropriate
measures within their statutory authority to carry out
the provisions of this order.
(b) Nothing contained in this order shall relieve a
person from any requirement to obtain a license or
other authorization in compliance with applicable laws
and regulations.
Sec. 5. This order is not intended to, and does not,
create any right, benefit, or privilege, substantive or
procedural, enforceable at law or in equity by a party
against the United States, its departments, agencies,
entities, officers, employees, or agents, or any other
person.
Sec. 6. This order shall be transmitted to the Congress
and published in the Federal Register.
(Presidential Sig.)B
THE WHITE HOUSE,
May 22, 2003.
[FR Doc. 03-13412
Filed 5-23-03; 11:28 am]
Billing code 3195-01-P