Ending Immunities Granted to the Development Fund for Iraq and Certain Other Iraqi Property and Interests in Property Pursuant to Executive Order 13303, as Amended, 31019-31020 [2014-12651]

Agencies

• Executive Office of the President

[Federal Register Volume 79, Number 103 (Thursday, May 29, 2014)]
[Presidential Documents]
[Pages 31019-31020]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-12651]




                        Presidential Documents 



Federal Register / Vol. 79 , No. 103 / Thursday, May 29, 2014 / 
Presidential Documents

[[Page 31019]]


                Executive Order 13668 of May 27, 2014

                
Ending Immunities Granted to the Development Fund 
                for Iraq and Certain Other Iraqi Property and Interests 
                in Property Pursuant to Executive Order 13303, as 
                Amended

                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, as amended (50 U.S.C. 1701 et seq.) 
                (IEEPA), the National Emergencies Act (50 U.S.C. 1601 
                et seq.), section 5 of the United Nations Participation 
                Act, as amended (22 U.S.C. 287c) (UNPA), and section 
                301 of title 3, United States Code,

                I, BARACK OBAMA, President of the United States of 
                America, have determined that the situation that gave 
                rise to the actions taken in Executive Order 13303 of 
                May 22, 2003, to protect the Development Fund for Iraq 
                and certain other property in which the Government of 
                Iraq has an interest has been significantly altered. 
                Recognizing the changed circumstances in Iraq, 
                including the Government of Iraq's progress in 
                resolving and managing the risk associated with 
                outstanding debts and claims arising from actions of 
                the previous regime, I hereby terminate the 
                prohibitions contained in section 1 of Executive Order 
                13303 of May 22, 2003, as amended by Executive Order 
                13364 of November 29, 2004, on any attachment, 
                judgment, decree, lien, execution, garnishment, or 
                other judicial process with respect to the Development 
                Fund for Iraq and Iraqi petroleum, petroleum products, 
                and interests therein, and the accounts, assets, 
                investments, and other property owned by, belonging to, 
                or held by, in the name of, on behalf of, or otherwise 
                for, the Central Bank of Iraq. This action is not 
                intended otherwise to affect the national emergency 
                declared in Executive Order 13303 of May 22, 2003, as 
                expanded in scope by Executive Order 13315 of August 
                28, 2003, which shall remain in place. This action is 
                also not intended to affect immunities enjoyed by the 
                Government of Iraq and its property under otherwise 
                applicable law.

                I hereby order:

                Section 1. The prohibitions set forth in section 1 of 
                Executive Order 13303 of May 22, 2003, as amended by 
                Executive Order 13364 of November 29, 2004, are hereby 
                terminated.

                Sec. 2. The Secretary of the Treasury, in 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 and the UNPA 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. All agencies of the United States 
                Government are hereby directed to take all appropriate 
                measures within their statutory authority to carry out 
                the provisions of this order.

[[Page 31020]]

                Sec. 3. 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, or 
                entities, its officers, employees, or agents, or any 
                other person.

                Sec. 4. This order shall be transmitted to the Congress 
                and published in the Federal Register.
                
                
                    (Presidential Sig.)

                THE WHITE HOUSE,

                    May 27, 2014.

[FR Doc. 2014-12651
Filed 5-28-14; 11:15 am]
Billing code 3295-F4