Additional Designation of an Entity Pursuant to Executive Order 13224, 37529-37530 [E8-14838]

Download as PDF Federal Register / Vol. 73, No. 127 / Tuesday, July 1, 2008 / Notices DEPARTMENT OF THE TREASURY sroberts on PROD1PC70 with NOTICES Departmental Offices; Debt Management Advisory Committee Meeting Notice is hereby given, pursuant to 5 U.S.C. App. 2, section 10(a)(2), that a meeting will be held at the Hay-Adams Hotel, 16th Street and Pennsylvania Avenue, NW., Washington, DC, on July 29, 2008 at 10:30 a.m. of the following debt management advisory committee: Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association. The agenda for the meeting provides for a charge by the Secretary of the Treasury or his designate that the Committee discuss particular issues and conduct a working session. Following the working session, the Committee will present a written report of its recommendations. The meeting will be closed to the public, pursuant to 5 U.S.C. App. 2, section 10(d) and Public Law 103–202, section 202(c)(1)(B) (31 U.S.C. 3121 note). This notice shall constitute my determination, pursuant to the authority placed in heads of agencies by 5 U.S.C. App. 2, section 10(d) and vested in me by Treasury Department Order No. 10 1–05, that the meeting will consist of discussions and debates of the issues presented to the Committee by the Secretary of the Treasury and the making of recommendations of the Committee to the Secretary, pursuant to Public Law 103–202, section 202(c)(l)(B). Thus, this information is exempt from disclosure under that provision and 5 U.S.C. 552b(c)(3)(B). In addition, the meeting is concerned with information that is exempt from disclosure under 5 U.S.C. 552b(c)(9)(A). The public interest requires that such meetings be closed to the public because the Treasury Department requires frank and full advice from representatives of the financial community prior to making its final decisions on major financing operations. Historically, this advice has been offered by debt management advisory committees established by the several major segments of the financial community. When so utilized, such a committee is recognized to be an advisory committee under 5 U.S.C. App. 2, section 3. Although the Treasury’s final announcement of financing plans may not reflect the recommendations provided in reports of the Committee, premature disclosure of the Committee’s deliberations and reports would be likely to lead to significant financial speculation in the securities market. Thus, this meeting falls within the VerDate Aug<31>2005 21:01 Jun 30, 2008 Jkt 214001 exemption covered by 5 U.S.C. 552b(c)(9)(A). Treasury staff will provide a technical briefing to the press on the day before the Committee meeting, following the release of a statement of economic conditions, financing estimates and technical charts. This briefing will give the press an opportunity to ask questions about financing projections and technical charts. The day after the Committee meeting, Treasury will release the minutes of the meeting, any charts that were discussed at the meeting, and the Committee’s report to the Secretary. The Office of Debt Management is responsible for maintaining records of debt management advisory committee meetings and for providing annual reports setting forth a summary of Committee activities and such other matters as may be informative to the public consistent with the policy of 5 U.S.C. 552(b). The Designated Federal Officer or other responsible agency official who may be contacted for additional information is Karthik Ramanathan, Director, Office of Debt Management, at (202) 622–2042. Dated: June 20, 2008. Anthony W. Ryan, Assistant Secretary, Financial Markets. [FR Doc. E8–14829 Filed 6–30–08; 8:45 am] BILLING CODE 4810–25–M DEPARTMENT OF THE TREASURY Fiscal Service Prompt Payment Interest Rate; Contract Disputes Act Bureau of the Public Debt, Fiscal Service, Treasury. ACTION: Notice. AGENCY: SUMMARY: For the period beginning July 1, 2008, and ending on December 31, 2008, the prompt payment interest rate is 51⁄8 per centum per annum. ADDRESSES: Comments or inquiries may be mailed to Milissia S. Morris, Team Leader, Borrowings Accounting Team, Division of Accounting Operations, Office of Public Debt Accounting, Bureau of the Public Debt, Parkersburg, West Virginia, 26106–1328. A copy of this Notice is available at https:// www.publicdebt.treas.gov. Effective July 1, 2008, to December 31, 2008. DATES: FOR FURTHER INFORMATION CONTACT: Mike Linder, Acting Director, Division of Accounting Operations, Office of Public Debt Accounting, Bureau of the Public Debt, Parkersburg, West Virginia, PO 00000 Frm 00123 Fmt 4703 Sfmt 4703 37529 26106–1328, (304) 480–5125; Milissia S. Morris, Team Leader, Borrowings Accounting Team, Division of Accounting Operations, Office of Public Debt Accounting, Bureau of the Public Debt, Parkersburg, West Virginia, 26106–1328, (304) 480–5167; Amy Mertz Brown, Deputy Chief Counsel, Office of the Chief Counsel, Bureau of the Public Debt, (202) 504–3715; or Brenda L. Hoffman, Attorney-Adviser, Office of the Chief Counsel, Bureau of the Public Debt, (202) 504–3706. SUPPLEMENTARY INFORMATION: An agency acquiring property or services from a business concern that fails to pay for the complete delivery of property or service by the required payment date shall pay the business concern an interest penalty. 31 U.S.C. 3902(a) (2003). The Contract Disputes Act of 1978, Section 12, Public Law 95–563, 92 Stat. 2389, and, indirectly, the Prompt Payment Act of 1982, 31 U.S.C. 3902(a), provide for the calculation of interest due on claims at the rate established by the Secretary of the Treasury. The Secretary of the Treasury has the authority to specify the Prompt Payment Interest Rate by which the interest shall be computed for interest payments under § 12 of the Contract Disputes Act of 1978. 31 U.S.C. 3902(a) (2003). Agencies must pay the interest penalty calculated with the interest rate which is in effect at the time the agency accrues the obligation to pay a late payment interest penalty. Id. ‘‘The interest penalty shall be paid for the period beginning on the date after the required payment date and ending on the date on which the payment is made.’’ 31 U.S.C. 3902(b) (2003). If an interest penalty is owed to a business concern, the penalty shall be paid regardless of whether the business concern requested payment of money. Therefore, notice is given that the Secretary of the Treasury has determined that the rate of interest applicable for the period beginning July 1, 2008, and ending on December 31, 2008, is 51⁄8 per centum per annum. Kenneth E. Carfine, Fiscal Assistant Secretary. [FR Doc. E8–14769 Filed 6–30–08; 8:45 am] BILLING CODE 4810–39–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Additional Designation of an Entity Pursuant to Executive Order 13224 Office of Foreign Assets Control, Treasury. AGENCY: E:\FR\FM\01JYN1.SGM 01JYN1 37530 ACTION: Federal Register / Vol. 73, No. 127 / Tuesday, July 1, 2008 / Notices Notice. The Treasury Department’s Office of Foreign Assets Control (‘‘OFAC’’) is publishing the name of one newly-designated entity whose property and interests in property are blocked pursuant to Executive Order 13224 of September 23, 2001, ‘‘Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism.’’ DATES: The designation by the Director of OFAC of the one entity identified in this notice, pursuant to Executive Order 13224, is effective on June 19, 2008. FOR FURTHER INFORMATION CONTACT: Assistant Director, Compliance Outreach & Implementation, Office of Foreign Assets Control, Department of the Treasury, Washington, DC 20220, tel.: 202/622–2490. SUPPLEMENTARY INFORMATION: SUMMARY: sroberts on PROD1PC70 with NOTICES Electronic and Facsimile Availability This document and additional information concerning OFAC are available from OFAC’s Web site (https://www.treas.gov/ofac) or via facsimile through a 24-hour fax-ondemand service, tel.: 202/622–0077. Background On September 23, 2001, the President issued Executive Order 13224 (the ‘‘Order’’) pursuant to the International Emergency Economic Powers Act, 50 U.S.C. 1701–1706, and the United Nations Participation Act of 1945, 22 U.S.C. 287c. In the Order, the President declared a national emergency to address grave acts of terrorism and threats of terrorism committed by foreign terrorists, including the September 11, 2001, terrorist attacks in New York, Pennsylvania, and at the Pentagon. The Order imposes economic sanctions on persons who have committed, pose a significant risk of committing, or support acts of terrorism. The President identified in the Annex to the Order, as amended by Executive Order 13268 of July 2, 2002, 13 individuals and 16 entities as subject to the economic sanctions. The Order was further amended by Executive Order 13284 of January 23, 2003, to reflect the creation of the Department of Homeland Security. Section 1 of the Order blocks, with certain exceptions, all property and interests in property that are in or hereafter come within the United States or the possession or control of United States persons, of: (1) Foreign persons listed in the Annex to the Order; (2) foreign persons determined by the Secretary of State, in consultation with the Secretary of the Treasury, the VerDate Aug<31>2005 21:01 Jun 30, 2008 Jkt 214001 Secretary of the Department of Homeland Security and the Attorney General, to have committed, or to pose a significant risk of committing, acts of terrorism that threaten the security of U.S. nationals or the national security, foreign policy, or economy of the United States; (3) persons determined by the Director of OFAC, in consultation with the Departments of State, Homeland Security and Justice, to be owned or controlled by, or to act for or on behalf of those persons listed in the Annex to the Order or those persons determined to be subject to subsection 1(b), 1(c), or 1(d)(i) of the Order; and (4) except as provided in section 5 of the Order and after such consultation, if any, with foreign authorities as the Secretary of State, in consultation with the Secretary of the Treasury, the Secretary of the Department of Homeland Security and the Attorney General, deems appropriate in the exercise of his discretion, persons determined by the Director of OFAC, in consultation with the Departments of State, Homeland Security and Justice, to assist in, sponsor, or provide financial, material, or technological support for, or financial or other services to or in support of, such acts of terrorism or those persons listed in the Annex to the Order or determined to be subject to the Order or to be otherwise associated with those persons listed in the Annex to the Order or those persons determined to be subject to subsection 1(b), 1(c), or 1(d)(i) of the Order. On June 19, 2008, the Director of OFAC, in consultation with the Departments of State, Homeland Security, Justice and other relevant agencies, designated, pursuant to one or more of the criteria set forth in subsections 1(b), 1(c) or 1(d) of the Order, one entity whose property and interests in property are blocked pursuant to Executive Order 13224. The designee is as follows: ALHARAMAIN ISLAMIC FOUNDATION, P.O. Box 69606, Riyadh 11557, Saudi Arabia; West Al-M’ather Street, Riyadh, Saudi Arabia; all offices worldwide [SDGT]. Dated: June 19, 2008. Adam J. Szubin, Director, Office of Foreign Assets Control. [FR Doc. E8–14838 Filed 6–30–08; 8:45 am] BILLING CODE 4811–45–P PO 00000 Frm 00124 Fmt 4703 Sfmt 4703 DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Additional Designation of Individuals and Entities Pursuant to Executive Order 13224 Office of Foreign Assets Control, Treasury. ACTION: Notice. AGENCY: SUMMARY: The Treasury Department’s Office of Foreign Assets Control (‘‘OFAC’’) is publishing the names of six newly-designated individuals and entities whose property and interests in property are blocked pursuant to Executive Order 13224 of September 23, 2001, ‘‘Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism.’’ DATES: The designation by the Director of OFAC of the six individuals and entities identified in this notice, pursuant to Executive Order 13224, is effective on June 18, 2008. FOR FURTHER INFORMATION CONTACT: Assistant Director, Compliance Outreach & Implementation, Office of Foreign Assets Control, Department of the Treasury, Washington, DC 20220, tel.: 202/622–2490. SUPPLEMENTARY INFORMATION: Electronic and Facsimile Availability This document and additional information concerning OFAC are available from OFAC’s Web site (https://www.treas.gov/ofac) or via facsimile through a 24-hour fax-ondemand service, tel.: 202/622–0077. Background On September 23, 2001, the President issued Executive Order 13224 (the ‘‘Order’’) pursuant to the International Emergency Economic Powers Act, 50 U.S.C. 1701–1706, and the United Nations Participation Act of 1945, 22 U.S.C. 287c. In the Order, the President declared a national emergency to address grave acts of terrorism and threats of terrorism committed by foreign terrorists, including the September 11, 2001, terrorist attacks in New York, Pennsylvania, and at the Pentagon. The Order imposes economic sanctions on persons who have committed, pose a significant risk of committing, or support acts of terrorism. The President identified in the Annex to the Order, as amended by Executive Order 13268 of July 2, 2002, 13 individuals and 16 entities as subject to the economic sanctions. The Order was further amended by Executive Order 13284 of January 23, 2003, to reflect the E:\FR\FM\01JYN1.SGM 01JYN1

Agencies

[Federal Register Volume 73, Number 127 (Tuesday, July 1, 2008)]
[Notices]
[Pages 37529-37530]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-14838]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Additional Designation of an Entity Pursuant to Executive Order 
13224

AGENCY: Office of Foreign Assets Control, Treasury.

[[Page 37530]]


ACTION: Notice.

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SUMMARY: The Treasury Department's Office of Foreign Assets Control 
(``OFAC'') is publishing the name of one newly-designated entity whose 
property and interests in property are blocked pursuant to Executive 
Order 13224 of September 23, 2001, ``Blocking Property and Prohibiting 
Transactions With Persons Who Commit, Threaten To Commit, or Support 
Terrorism.''

DATES: The designation by the Director of OFAC of the one entity 
identified in this notice, pursuant to Executive Order 13224, is 
effective on June 19, 2008.

FOR FURTHER INFORMATION CONTACT: Assistant Director, Compliance 
Outreach & Implementation, Office of Foreign Assets Control, Department 
of the Treasury, Washington, DC 20220, tel.: 202/622-2490.

SUPPLEMENTARY INFORMATION: 

Electronic and Facsimile Availability

    This document and additional information concerning OFAC are 
available from OFAC's Web site (https://www.treas.gov/ofac) or via 
facsimile through a 24-hour fax-on-demand service, tel.: 202/622-0077.

Background

    On September 23, 2001, the President issued Executive Order 13224 
(the ``Order'') pursuant to the International Emergency Economic Powers 
Act, 50 U.S.C. 1701-1706, and the United Nations Participation Act of 
1945, 22 U.S.C. 287c. In the Order, the President declared a national 
emergency to address grave acts of terrorism and threats of terrorism 
committed by foreign terrorists, including the September 11, 2001, 
terrorist attacks in New York, Pennsylvania, and at the Pentagon. The 
Order imposes economic sanctions on persons who have committed, pose a 
significant risk of committing, or support acts of terrorism. The 
President identified in the Annex to the Order, as amended by Executive 
Order 13268 of July 2, 2002, 13 individuals and 16 entities as subject 
to the economic sanctions. The Order was further amended by Executive 
Order 13284 of January 23, 2003, to reflect the creation of the 
Department of Homeland Security.
    Section 1 of the Order blocks, with certain exceptions, all 
property and interests in property that are in or hereafter come within 
the United States or the possession or control of United States 
persons, of: (1) Foreign persons listed in the Annex to the Order; (2) 
foreign persons determined by the Secretary of State, in consultation 
with the Secretary of the Treasury, the Secretary of the Department of 
Homeland Security and the Attorney General, to have committed, or to 
pose a significant risk of committing, acts of terrorism that threaten 
the security of U.S. nationals or the national security, foreign 
policy, or economy of the United States; (3) persons determined by the 
Director of OFAC, in consultation with the Departments of State, 
Homeland Security and Justice, to be owned or controlled by, or to act 
for or on behalf of those persons listed in the Annex to the Order or 
those persons determined to be subject to subsection 1(b), 1(c), or 
1(d)(i) of the Order; and (4) except as provided in section 5 of the 
Order and after such consultation, if any, with foreign authorities as 
the Secretary of State, in consultation with the Secretary of the 
Treasury, the Secretary of the Department of Homeland Security and the 
Attorney General, deems appropriate in the exercise of his discretion, 
persons determined by the Director of OFAC, in consultation with the 
Departments of State, Homeland Security and Justice, to assist in, 
sponsor, or provide financial, material, or technological support for, 
or financial or other services to or in support of, such acts of 
terrorism or those persons listed in the Annex to the Order or 
determined to be subject to the Order or to be otherwise associated 
with those persons listed in the Annex to the Order or those persons 
determined to be subject to subsection 1(b), 1(c), or 1(d)(i) of the 
Order.
    On June 19, 2008, the Director of OFAC, in consultation with the 
Departments of State, Homeland Security, Justice and other relevant 
agencies, designated, pursuant to one or more of the criteria set forth 
in subsections 1(b), 1(c) or 1(d) of the Order, one entity whose 
property and interests in property are blocked pursuant to Executive 
Order 13224.
    The designee is as follows: AL-HARAMAIN ISLAMIC FOUNDATION, P.O. 
Box 69606, Riyadh 11557, Saudi Arabia; West Al-M'ather Street, Riyadh, 
Saudi Arabia; all offices worldwide [SDGT].

    Dated: June 19, 2008.
Adam J. Szubin,
Director, Office of Foreign Assets Control.
[FR Doc. E8-14838 Filed 6-30-08; 8:45 am]
BILLING CODE 4811-45-P

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