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[Federal Register Volume 82, Number 217 (Monday, November 13, 2017)]
[Rules and Regulations]
[Pages 52209-52210]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-24521]

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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 543

Removal of C[ocirc]te d'Ivoire Sanctions Regulations

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Final rule.

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

DATES: Effective: November 13, 2017.

FOR FURTHER INFORMATION CONTACT: The Department of the Treasury's 
Office of Foreign Assets Control: Assistant Director for Licensing, 
tel.: 202/622-2480, Assistant Director for Regulatory Affairs, tel.: 
202/622-4855, Assistant Director for Sanctions Compliance & Evaluation, 
tel.: 202/622-2490, or the Department of the Treasury's Office of the 
Chief Counsel (Foreign Assets Control), Office of the General Counsel, 
tel.: 202/622-2410.

SUPPLEMENTARY INFORMATION:

Electronic and Facsimile Availability

    This document and additional information concerning OFAC are 
available from OFAC's Web site (www.treasury.gov/ofac).

Background

    On February 7, 2006, the President issued Executive Order 13396, 
``Blocking Property of Certain Persons Contributing to the Conflict in 
C[ocirc]te d'Ivoire'' (E.O. 13396), in which the President declared a 
national emergency to deal with the unusual and extraordinary threat to 
the national security and foreign policy of the United States posed by 
the situation in or in relation to C[ocirc]te d'Ivoire. That situation, 
which had been addressed by the United Nations Security Council in 
Resolution 1572 of November 15, 2004, and subsequent resolutions, had 
resulted in the massacre of large numbers of civilians, widespread 
human rights abuses, significant political violence and unrest, and 
attacks against international peacekeeping forces leading to 
fatalities. E.O. 13396 blocked all property and interests in property 
of the persons listed in the Annex to E.O. 13396 and any person 
determined to meet one or more of the criteria set out in E.O. 13396.
    On April 13, 2009, OFAC issued the Persons Contributing to the 
Conflict in C[ocirc]te d'Ivoire Sanctions Regulations, 31 CFR part 543 
(the ``Regulations''), as a final rule to implement E.O. 13396 (74 FR 
16763, April 13, 2009). On July 21, 2009, OFAC issued an amendment to 
the Regulations to change the heading of the Regulations to the 
C[ocirc]te d'Ivoire Sanctions Regulations (74 FR 35802, July 21, 2009). 
OFAC also amended the Regulations on February 8, 2012, to add a 
definition of a term used in the Regulations (77 FR 6463, Feb. 8, 
2012).
    On September 14, 2016, the President issued Executive Order 13739, 
``Termination of Emergency With Respect to the Situation in or in 
Relation to C[ocirc]te d'Ivoire'' (E.O. 13739). In E.O. 13739, the 
President found that the situation that gave rise to the

[[Page 52210]]

declaration of a national emergency in E.O. 13396 with respect to the 
situation in or in relation to C[ocirc]te d'Ivoire had been 
significantly altered by the progress achieved in the stabilization of 
C[ocirc]te d'Ivoire, including the successful conduct of the October 
2015 presidential election, progress on the management of arms and 
related materiel, and the combatting of illicit trafficking in natural 
resources. Accordingly, and in view of the removal of multilateral 
sanctions by the United Nations Security Council in Resolution 2283, 
the President terminated the national emergency and revoked E.O. 13396.
    Therefore, OFAC is removing the Regulations from the Code of 
Federal Regulations. Pursuant to section 202 of the National 
Emergencies Act (50 U.S.C. 1622) and section 1 of E.O. 13739, 
termination of the national emergency declared in E.O. 13396 shall not 
affect any action taken or proceeding pending and not fully concluded 
or determined as of 8:00 a.m. eastern daylight time on September 14, 
2016 (the effective date of E.O. 13739), any action or proceeding based 
on any act committed prior to the effective date, or any rights or 
duties that matured or penalties that were incurred prior to the 
effective date.

Public Participation

    Because the Regulations involve a foreign affairs function, the 
provisions of Executive Order 12866 and the Administrative Procedure 
Act (5 U.S.C. 553) requiring notice of proposed rulemaking, opportunity 
for public participation, and delay in effective date, as well as the 
provisions of Executive Order 13771, 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 543

    Administrative practice and procedure, Banks, Banking, Blocking of 
assets, C[ocirc]te d'Ivoire, Credit, Foreign trade, Penalties, 
Reporting and recordkeeping requirements, Securities, Services.

    For reasons set forth in the preamble, and under the authority of 3 
U.S.C. 301; 50 U.S.C. 1601-1651; E.O. 13396, 71 FR 7389, 3 CFR, 2006 
Comp., p. 209; E.O. 13739, 81 FR 63673 (September 16, 2016), OFAC 
amends 31 CFR chapter V as follows:

PART 543--[REMOVED]

0
1. Remove part 543.

    Dated: November 7, 2017.
John E. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2017-24521 Filed 11-9-17; 8:45 am]
 BILLING CODE 4810-AL-P
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