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[House Document 110-36]
[From the U.S. Government Publishing Office]

110th Congress, 1st Session - - - - - - - - - - - - - House Document 110-36

 
   CONTINUATION OF NATIONAL EMERGENCY WITH RESPECT TO PROTECTING THE 
                       DEVELOPMENT FUND FOR IRAQ

                               __________

                                MESSAGE

                                  from

                   THE PRESIDENT OF THE UNITED STATES

                              transmitting

NOTIFICATION THAT THE NATIONAL EMERGENCY WITH RESPECT TO PROTECTING THE 
DEVELOPMENT FUND FOR IRAQ AND CERTAIN OTHER PROPERTY IN WHICH IRAQ HAS 
 AN INTEREST, ORIGINALLY DECLARED IN EXECUTIVE ORDER 13303 OF MAY 22, 
2003, AS EXPANDED IN SCOPE BY EXECUTIVE ORDER 13315 OF AUGUST 28, 2003, 
   AND MODIFIED IN EXECUTIVE ORDER 13364 OF NOVEMBER 29, 2004, IS TO 
 CONTINUE IN EFFECT BEYOND MAY 22, 2007, PURSUANT TO 50 U.S.C. 1622(d).

    May 21, 2007.--Message and accompanying papers referred to the 
         Committee on Foreign Affairs and ordered to be printed
To the Congress of the United States:
    Section 202(d) of the National Emergencies Act (50 U.S.C. 
1622(d)) provides for the automatic termination of a national 
emergency unless, prior to the anniversary date of its 
declaration, the President publishes in the Federal Register 
and transmits to the Congress a notice stating that the 
emergency is to continue in effect beyond the anniversary date. 
In accordance with this provision, I have sent the enclosed 
notice to the Federal Register for publication. This notice 
states that the national emergency declared in Executive Order 
13303 of May 22, 2003, as modified in scope and relied upon for 
additional steps taken in Executive Order 13315 of August 28, 
2003, Executive Order 13350 of July 29, 2004, and Executive 
Order 13364 of November 29, 2004, is to continue in effect 
beyond May 22, 2007.
    The threats of attachment or other judicial process against 
(i) the Development Fund for Iraq, (ii) 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, or (iii) any accounts, assets, 
investments, or any other property of any kind owned by, 
belonging to, or held by, on behalf of, or otherwise for the 
Central Bank of Iraq obstruct the orderly reconstruction of 
Iraq. These threats also impede the restoration and maintenance 
of peace and security and the development of political, 
administrative, and economic institutions in Iraq. These 
threats continue to pose an unusual and extraordinary threat to 
the national security and foreign policy of the United States. 
Accordingly, I have determined that it is necessary to continue 
the national emergency protecting the Development Fund for 
Iraq, certain other property in which Iraq has an interest, and 
the Central Bank of Iraq and maintain in force the measures to 
respond to this threat.

                                                    George W. Bush.
    The White House, May 18, 2007.
                                 Notice

                              ----------                              

Continuation of the National Emergency Protecting the Development Fund 
   for Iraq and Certain Other Property in Which Iraq Has an Interest

    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.

                                  
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