U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON : 

1 

39–011 2014

113th Congress, 2d Session – – – – – – – – – – – – House Document 113–117 

ENDING IMMUNITITES GRANTED TO THE DEVELOPMENT FUND FOR IRAQ AND CERTAIN OTHER IRAQI 

PROPERTY AND INTERESTS IN PROPERTY PURSUANT TO EXECUTIVE ORDER 13303, AS AMENDED 

COMMUNICATION 

FROM

THE PRESIDENT OF THE UNITED STATES 

TRANSMITTING

NOTIFICATION THAT AN EXECUTIVE ORDER TERMINATING THE 

PROHIBITIONS IN SECTION 1 OF EXECUTIVE ORDER 13303 OF 

MAY 22, 2003, AS AMENDED HAS BEEN ISSUED, PURSUANT TO 

50 U.S.C. 1622(d) 

MAY 28, 2014.—Referred to the Committee on Foreign Affairs and ordered 

to be printed 


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THE WHITE HOUSE, 

Washington, May 27, 2014. 

Hon. JOHN BOEHNER, 

Speaker of the House of Representatives, 

Washington, DC. 

DEAR MR. SPEAKER: Pursuant to the International Emergency 

Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), I hereby report that I have issued an Executive Order (the ‘‘order’’) terminating the prohibitions contained in section 1 of Executive Order 

13303 of May 22, 2003, as amended by Executive Order 13364 of 

November 29, 2004, on any attachment, judgment, decree, lien, 

execution, garnishment, or other judicial process with respect to 

the Development Fund for Iraq and Iraqi petroleum, petroleum 

products, and interests therein, and the accounts, assets, investments, and other property owned by, belonging to, or held by, in 

the name of, on behalf of, or otherwise for, the Central Bank of 

Iraq. 

I have taken this action as a result of my determination that the 

situation that gave rise to the actions taken in Executive Order 

13303 of May 22, 2003, to protect the Development Fund for Iraq 

and certain other property in which the Government of Iraq has an 

interest has been significantly altered, including through the Government of Iraq’s progress in resolving and managing the risk associated with outstanding debts and claims arising from actions of 

the previous regime. This action is not intended otherwise to affect 

the national emergency declared in Executive Order 13303 of May 

22, 2003, as expanded in scope by Executive Order 13315 of August 

28, 2003, which shall remain in place. This action is also not intended to affect immunities enjoyed by the Government of Iraq and 

its property under otherwise applicable law. 

I have delegated to the Secretary of the Treasury, in consultation 

with the Secretary of State, the authority to take such actions, including the promulgation of rules and regulations, and to employ 

all powers granted to the President by IEEPA and section 5 of the 

United Nations Participation Act, as amended (22 U.S.C. 287c), as 

may be necessary to carry out the purposes of the order. All agencies of the United States Government are directed to take all appropriate measures within their authority to carry out the provisions of the order. 

I am enclosing a copy of the Executive Order I have issued. 

Sincerely, 

BARACK OBAMA. 


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EXECUTIVE ORDER

ENDING IMMUNITIES GRANTED TO THE DEVELOPMENT FUND FOR

IRAQ AND CERTAIN OTHER IRAQI PROPERTY AND INTERESTS IN

PROPERTY PURSUANT TO EXECUTIVE ORDER 13303, AS AMENDED

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, BARACK OBAMA, President of the United States of America, 

have determined that the situation that gave rise to the actions 

taken in Executive Order 13303 of May 22, 2003, to protect the Development Fund for Iraq and certain other property in which the 

Government of Iraq has an interest has been significantly altered. 

Recognizing the changed circumstances in Iraq, including the Government of Iraq’s progress in resolving and managing the risk associated with outstanding debts and claims arising from actions of 

the previous regime, I hereby terminate the prohibitions contained 

in section 1 of Executive Order 13303 of May 22, 2003, as amended 

by Executive Order 13364 of November 29, 2004, on any attachment, judgment, decree, lien, execution, garnishment, or other judicial process with respect to the Development Fund for Iraq and 

Iraqi petroleum, petroleum products, and interests therein, and the 

accounts, assets, investments, and other property owned by, belonging to, or held by, in the name of, on behalf of, or otherwise 

for, the Central Bank of Iraq. This action is not intended otherwise 

to affect the national emergency declared in Executive Order 13303 

of May 22, 2003, as expanded in scope by Executive Order 13315 

of August 28, 2003, which shall remain in place. This action is also 

not intended to affect immunities enjoyed by the Government of 

Iraq and its property under otherwise applicable law. 

I hereby order: 

Section 1. The prohibitions set forth in section 1 of Executive 

Order 13303 of May 22, 2003, as amended by Executive Order 

13364 of November 29, 2004, are hereby terminated. 

Sec. 2. The Secretary of the Treasury, in consultation with the 

Secretary of State, 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 


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take all appropriate measures within their statutory authority to 

carry out the provisions of this order. 

Sec. 3. This order is not intended to, and does not, create any 

right or benefit, substantive or procedural, enforceable at law or in 

equity by any party against the United States, its departments, 

agencies, or entities, its officers, employees, or agents, or any other 

person. 

Sec. 4. This order shall be transmitted to the Congress and published in the Federal Register. 

BARACK OBAMA. 

THE WHITE HOUSE, May 27, 2014. 

Æ 


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