ExecutiveOrdersEO
DetDeterminationG.W. Bush · R

Presidential Determination

Continuation of the Exercise of Certain Authorities Under the Trading With the Enemy Act

President Bush extended for one year certain authorities under the Trading With the Enemy Act that were scheduled to expire on September 14, 2002, continuing economic sanctions regulations administered by the Treasury Department's Office of Foreign Assets Control.

Federal Register Open PDF 67 FR 58681

Impact dates

  1. Extended authorities expire

Key directives

  • Continue exercise of TWEA authorities for 1 year until September 14, 2003
  • Apply continuation to countries affected by 31 C.F.R. part 500, 31 C.F.R. part 505, and 31 C.F.R. part 515
  • Secretary of the Treasury to publish determination in Federal Register

Who is ordered

Timeline

Immediate

  • Continuation of TWEA authorities takes effect September 14, 2002

Near term (90d)

—

Long term

  • Authorities remain in force until September 14, 2003

Risks & tensions

  • Annual renewal mechanism creates procedural uncertainty for sanctions compliance
  • Continuation of long-standing Cuba sanctions maintains geopolitical tension
Presidential Determination: Continuation of the Exercise of Certain Authorities Under the Trading With the Enemy Act · Executive Orders