For Immediate Release
Office of the Press Secretary
May 20, 2004
Message to the Congress of the United States
Section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d))
provides for the automatic termination of a national emergency unless,
prior to the anniversary date of its declaration, the President
publishes in the Federal Register and transmits to the Congress a
notice stating that the emergency is to continue in effect beyond the
anniversary date. In accordance with this provision, I have sent the
enclosed notice, stating that the national emergency declared in
Executive Order 13303 of May 22, 2003, as expanded in scope by
Executive Order 13315 of August 28, 2003, protecting the Development
Fund for Iraq and certain other property in which Iraq has an interest,
is to continue in effect beyond May 22, 2004, to the Federal Register
for publication.
The obstacles to the orderly reconstruction of Iraq, the
restoration and maintenance of peace and security in the country, and
the development of political, administrative, and economic institutions
in Iraq constituted by the threat of attachment or other judicial
process against the Development Fund for Iraq, Iraqi petroleum and
petroleum products, and interests therein, and proceeds, obligations,
or any financial instruments of any nature whatsoever arising from or
related to the sale or marketing thereof, pose a continuing unusual and
extraordinary threat to the national security and foreign policy of the
United States. For these reasons, I have determined that it is
necessary to continue the national emergency protecting the Development
Fund for Iraq, and certain other property in which Iraq has an
interest, and to maintain in force the sanctions to respond to this
threat.
GEORGE W. BUSH
THE WHITE HOUSE,
May 20, 2004.
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