Termination of the Exercise of Authorities Under the Trading With the Enemy Act With Respect to North Korea, 36785-36786 [08-1398]

Agencies

• Executive Office of the President
• Presidential Documents

[Federal Register Volume 73, Number 125 (Friday, June 27, 2008)]
[Presidential Documents]
[Pages 36785-36786]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 08-1398]



[[Page 36783]]

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Part V





The President





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Proclamation 8271--Termination of the Exercise of Authorities Under the 
Trading With the Enemy Act With Respect to North Korea



Executive Order 13466--Continuing Certain Restrictions With Respect to 
North Korea and North Korean Nationals


                        Presidential Documents 



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

___________________________________________________________________

Title 3--
The President

[[Page 36785]]

                Proclamation 8271 of June 26, 2008

                
Termination of the Exercise of Authorities Under 
                the Trading With the Enemy Act With Respect to North 
                Korea

                By the President of the United States of America

                A Proclamation

                I, GEORGE W. BUSH, President of the United States of 
                America, by the authority vested in me by the 
                Constitution and the laws of the United States, 
                including section 101(b) of Public Law 95-223 (91 Stat. 
                1625; 50 U.S.C. App. 5(b) note), hereby find that the 
                continuation of 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, as authorized in 
                Proclamation 2914 of December 16, 1950, most recently 
                continued under Presidential Determination 2007-32 of 
                September 13, 2007 (72 FR 53407), and implemented by 
                the regulations set forth below, is no longer in the 
                national interest of the United States.

                Section 1. The exercise of TWEA authorities with 
                respect to North Korea, which were implemented by the 
                Foreign Assets Control Regulations, 31 C.F.R. part 500, 
                and the Transaction Control Regulations, 31 C.F.R. part 
                505, and that were continued by Presidential 
                Determination 2007-32 of September 13, 2007, is 
                terminated, and Presidential Determination 2007-32 is 
                rescinded with respect to North Korea.

                Sec. 2. The Secretary of the Treasury is authorized and 
                directed to take all appropriate measures within the 
                Secretary's authority to give effect to this 
                proclamation.

                Sec. 3. This proclamation is not intended to, and does 
                not, create any right, benefit, or privilege, 
                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.

                Sec. 4. This proclamation is effective at 12:01 a.m. 
                eastern daylight time on June 27, 2008.

[[Page 36786]]

                IN WITNESS WHEREOF, I have hereunto set my hand this 
                twenty-sixth day of June, in the year of our Lord two 
                thousand eight, and of the Independence of the United 
                States of America the two hundred and thirty-second. 
                
                
                    (Presidential Sig.)

[FR Doc. 08-1398
Filed 6-26-08; 10:27 am]
Billing code 3195-W8-P