U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON : 

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19–011 2003

108th Congress, 1st Session – – – – – – – – – – – – – House Document 108–24

PERIODIC REPORT ON THE NATIONAL EMERGENCY 

WITH RESPECT TO TERRORISTS WHO THREATEN TO 

DISRUPT THE MIDDLE EAST PEACE PROCESS

COMMUNICATION

FROM

THE PRESIDENT OF THE UNITED STATES

TRANSMITTING

A SIX-MONTH PERIODIC REPORT ON THE NATIONAL EMERGENCY, 

DECLARED IN EXECUTIVE ORDER 12947 OF JANUARY 23, 1995, 

WITH RESPECT TO TERRORISTS WHO THREATEN TO DISRUPT 

THE MIDDLE EAST PEACE PROCESS, PURSUANT TO 50 U.S.C. 

1641(c) AND 50 U.S.C. 1703(c)

JANUARY 28, 2003.—Referred to the Committee on International Relations 

and ordered to be printed


E:\Seals\Congress.#13
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THE WHITE HOUSE, 

Washington, January 20, 2003. 

Hon. J. DENNIS HASTERT, 

Speaker of the House of Representatives, 

Washington, DC. 

DEAR MR. SPEAKER: As required by section 401(c) of the National 

Emergencies Act, 50 U.S.C. 1641(c), and section 204(c) of the International Emergency Economic Powers Act, 50 U.S.C. 1703(c), I 

transmit herewith a 6-month periodic report prepared by my Administration on the national emergency with respect to terrorists 

who threaten to disrupt the Middle East peace process that was declared in Executive Order 12947 of January 23, 1995. 

Sincerely, 

GEORGE W. BUSH.

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PERIODIC REPORT ON THE NATIONAL EMERGENCY WITH RESPECT TO

TERRORISTS WHO THREATEN TO DISRUPT THE MIDDLE EAST

PEACE PROCESS

I hereby report to the Congress on the developments over the 

course of the past 6 months concerning the national emergency, 

with respect to terrorists who threaten to disrupt the Middle East 

peace process, that was declared in Executive Order 12947 of January 23, 1995, as expanded in scope by Executive Order 13099 of 

August 20, 1998. This report, based upon information provided, is 

submitted pursuant to section 204(c) of the International Emergency Economic Powers Act, 50 U.S.C. 1703(c) (IEEPA), and section 

401(c) of the National Emergencies Act, 50 U.S.C. 1641(c). 

1. There have been no amendments to the Terrorism Sanctions 

Regulations, 31 CFR Part 595 (the ‘‘Regulations’’), during the current reporting period. 

2. As of November 22, 2002, the Department of the Treasury’s 

Office of Foreign Assets Control (OFAC) has issued two licenses authorizing the release of blocked funds after it was determined that 

there was no Specially Designated Terrorist (SDT) property interest in the funds. 

3. As of November 22, 2002, three transactions were blocked, 

bringing the total blocked assets being reported to OFAC to approximately $6,451,000. The blocking of these funds prevents their 

conversion or other disposal for the benefit of the SDT. Federal 

agencies will continue to work closely to identify and block assets 

in which SDTs have an interest. 

4. Since my last report, one U.S. financial institution is undergoing civil penalty enforcement action for allegations of prohibited 

transactions with an SDT. 

5. The expenses incurred by the Federal Government in the 6-

month period from July 23, 2002, through January 22, 2003, that 

are directly attributable to the exercise of powers and authorities 

conferred by the declaration of the national emergency with respect 

to terrorists who threaten to disrupt the Middle East peace process 

are estimated at approximately $222,000. These data do not reflect 

certain costs of operations by the intelligence and law enforcement 

communities. 

6. Executive Orders 12947 and 13099 provide this Administration with a tool for combating fundraising in this country on behalf 

of organizations that use terror to undermine the Middle East 

peace process. The orders make it harder for such groups to finance 

these criminal activities by impeding their access to sources of support in the United States and to U.S. financial facilities. They are 

also intended to reach charitable contributions to designated organizations and individuals to preclude diversion of such donations to 

terrorist activities. 

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The Executive Orders demonstrate the United State’s determination to confront and combat those who would seek to destroy the 

Middle East peace process and our commitment to the global fight 

against terrorism. I shall exercise the powers at my disposal to 

deal with these terrorists and will continue to report periodically 

to the Congress on significant developments as required by law.

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