[Federal Register Volume 87, Number 29 (Friday, February 11, 2022)]
[Rules and Regulations]
[Pages 7943-7944]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-02949]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 554


Burundi Sanctions Regulations

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Final rule.

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[[Page 7944]]

SUMMARY: The Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is removing from the Code of Federal Regulations the 
Burundi Sanctions Regulations as a result of the termination of the 
national emergency on which the regulations were based.

DATES: This rule is effective February 11, 2022.

FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for 
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs, 
202-622-4855; or Assistant Director for Sanctions Compliance & 
Evaluation, 202-622-2490.

SUPPLEMENTARY INFORMATION:

Electronic Availability

    This document and additional information concerning OFAC are 
available on OFAC's website: www.treasury.gov/ofac.

Background

    On November 22, 2015, the President, invoking the authority of, 
inter alia, the International Emergency Economic Powers Act (50 U.S.C. 
1701-1706) (IEEPA), issued Executive Order (E.O.) 13712, ``Blocking 
Property of Certain Persons Contributing to the Situation in Burundi'' 
(80 FR 73633, November 25, 2015). In E.O. 13712, the President found 
that the situation in Burundi, which had been marked by the killing of 
and violence against civilians, unrest, incitement of imminent 
violence, and significant political repression, and which threatened 
the peace, security, and stability of Burundi, constituted an unusual 
and extraordinary threat to the national security and foreign policy of 
the United States, and declared a national emergency to deal with that 
threat.
    On April 6, 2016, OFAC issued the Burundi Sanctions Regulations, 31 
CFR part 554 (81 FR 19878, April 6, 2016) (the ``Regulations''), as a 
final rule to implement E.O. 13712. The Regulations were issued in 
abbreviated form for the purpose of providing immediate guidance to the 
public.
    On November 18, 2021, the President issued E.O. 14054, 
``Termination of Emergency With Respect to the Situation in Burundi'' 
(86 FR 66149, November 19, 2021). In E.O. 14054, the President found 
that the situation that gave rise to the declaration of a national 
emergency in E.O. 13712 with respect to the situation in Burundi had 
been significantly altered by events of the past year, including the 
transfer of power following elections in 2020, significantly decreased 
violence, and President Ndayishimiye's pursuit of reforms across 
multiple sectors. Accordingly, the President terminated the national 
emergency declared in E.O. 13712 and revoked that order.
    As a result, OFAC is removing the Regulations from the Code of 
Federal Regulations. Pursuant to section 202(a) of the National 
Emergencies Act (50 U.S.C. 1622(a)) and section 2 of E.O. 14054, 
termination of the national emergency declared in E.O. 13712 shall not 
affect any action taken or proceeding pending not finally concluded or 
determined as of November 18, 2021 (the date of E.O. 14054), any action 
or proceeding based on any act committed prior to the date of E.O. 
14054, or any rights or duties that matured or penalties that were 
incurred prior to the date of E.O. 14054.

Public Participation

    Because the Regulations involve a foreign affairs function, the 
provisions of E.O. 12866 of September 30, 1993, ``Regulatory Planning 
and Review'' (58 FR 51735, October 4, 1993), and the Administrative 
Procedure Act (5 U.S.C. 553) requiring notice of proposed rulemaking, 
opportunity for public participation, and delay in effective date are 
inapplicable. Because no notice of proposed rulemaking is required for 
this rule, the Regulatory Flexibility Act (5 U.S.C. 601-612) does not 
apply.

Paperwork Reduction Act

    The Paperwork Reduction Act does not apply because this rule does 
not impose information collection requirements that would require the 
approval of the Office of Management and Budget under 44 U.S.C. 3501 et 
seq.

List of Subjects in 31 CFR Part 554

    Administrative practice and procedure, Banks, banking, Blocking of 
assets, Brokers, Burundi, Credit, Foreign trade, Investments, Loans, 
Sanctions, Securities, Services.

PART 554--[REMOVED]

0
For the reasons set forth in the preamble, and pursuant to 50 U.S.C. 
1601-1651 and E.O. 14054 (86 FR 66149, November 19, 2021), OFAC amends 
31 CFR chapter V by removing part 554.

Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-02949 Filed 2-10-22; 8:45 am]
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