ExecutiveOrdersEO
Notice 13303NoticeG.W. Bush · R

Presidential Notice 13303

Continuation of the National Emergency Protecting the Development Fund for Iraq and Certain Other Property in Which Iraq has an Interest

This notice continues for one year a national emergency first declared in May 2003 protecting Iraqi assets—including the Development Fund for Iraq, petroleum, and former regime property—from legal attachment or judicial process. The continuation is authorized under the National Emergencies Act to address ongoing threats to Iraq's reconstruction and stability.

Federal Register Open PDF 69 FR 29409

Impact dates

  1. Continued national emergency expires unless further extended

Key directives

  • Continue national emergency protecting Development Fund for Iraq and related Iraqi property for 1 year beyond May 22, 2004
  • Continue measures adopted May 22, 2003 and August 28, 2003

Timeline

Immediate

  • National emergency continues in effect beyond May 22, 2004
  • Blocking of former regime assets remains active

Near term (90d)

—

Long term

  • Emergency expires May 22, 2005 unless further extended

Risks & tensions

  • Statutory requirement for annual continuation creates procedural regularity but also potential for oversight gaps
  • Protection of Iraqi assets from judicial process may conflict with private creditor claims; text notes 'attachment or other judicial process' as threat being blocked
Presidential Notice 13303: Continuation of the National Emergency Protecting the Development Fund for Iraq and Certain Other Property in Which Iraq has an Interest · Executive Orders