Presidential Documents

Federal Register / Vol. 73, No. 125 / Friday, June 27, 2008 / Presidential Documents 36787 

Executive Order 13466 of June 26, 2008 

Continuing Certain Restrictions With Respect to North Korea 

and North Korean Nationals 

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 (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.) (NEA), and section 301 of title 3, 

United States Code, 

I, GEORGE W. BUSH, President of the United States of America, find that 

the current existence and risk of the proliferation of weapons-usable fissile 

material on the Korean Peninsula constitute 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 further 

find that, as we deal with that threat through multilateral diplomacy, it 

is necessary to continue certain restrictions with respect to North Korea 

that would otherwise be lifted pursuant to a forthcoming proclamation that 

will terminate the exercise of authorities under the Trading With the Enemy 

Act (50 U.S.C. App. 1 et seq.) (TWEA) with respect to North Korea. 

Accordingly, I hereby order: 

Section 1. Except to the extent provided in statutes or in regulations, orders, 

directives, or licenses that may be issued pursuant to this order, and notwithstanding any contract entered into or any license or permit granted prior 

to the date of this order, the following are blocked and may not be transferred, 

paid, exported, withdrawn, or otherwise dealt in: 

all property and interests in property of North Korea or a North Korean 

national that, pursuant to the President’s authorities under the TWEA, 

the exercise of which has been continued in accordance with section 

101(b) of Public Law 95–223 (91 Stat. 1625; 50 U.S.C. App. 5(b) note), 

were blocked as of June 16, 2000, and remained blocked immediately 

prior to the date of this order. 

Sec. 2. Except to the extent provided in statutes or in regulations, orders, 

directives, or licenses that may be issued pursuant to this order, and notwithstanding any contract entered into or any license or permit granted prior 

to the date of this order, United States persons may not register a vessel 

in North Korea, obtain authorization for a vessel to fly the North Korean 

flag, or own, lease, operate, or insure any vessel flagged by North Korea. 

Sec. 3. (a) Any transaction by a United States person or within the United 

States that evades or avoids, has the purpose of evading or avoiding, or 

attempts to violate any of the prohibitions set forth in this order is prohibited. 

(b) Any conspiracy formed to violate any of the prohibitions set forth in 

this order is prohibited. 

Sec. 4. 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; and 

(c) the term ‘‘United States person’’ means any United States citizen, permanent resident alien, entity organized under the laws of the United States 

or any jurisdiction within the United States (including foreign branches), 

or any person in the United States. 


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36788 Federal Register / Vol. 73, No. 125 / Friday, June 27, 2008 / Presidential Documents 

Sec. 5. The Secretary of the Treasury, after 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 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 consistent with 

applicable law. All agencies of the United States Government are hereby 

directed to take all appropriate measures within their authority to carry 

out the provisions of this order. 

Sec. 6. The Secretary of the Treasury, after consultation with the Secretary 

of State, is hereby authorized to submit the recurring and final reports 

to the Congress on the national emergency declared in this order, consistent 

with section 401(c) of the NEA (50 U.S.C. 1641(c)) and section 204(c) of 

IEEPA (50 U.S.C. 1703(c)). 

Sec. 7. 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, instrumentalities, 

or entities, its officers or employees, or any other person. 

THE WHITE HOUSE, 

June 26, 2008. 

[FR Doc. 08–1399 

Filed 6–26–08; 10:27 am] 

Billing code 3195–W8–P 


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