ExecutiveOrdersEO
DetDeterminationG.W. Bush · R Quiet signal

Presidential Determination

Continuation of the Exercise of Certain Authorities under the Trading with the Enemy Act

President Bush extended for one year the exercise of certain authorities under the Trading with the Enemy Act, continuing economic sanctions regulations administered by the Treasury Department's Office of Foreign Assets Control. The extension applies to the Foreign Assets Control Regulations, Transaction Control Regulations, and Cuban Assets Control Regulations through September 14, 2005.

Federal Register Open PDF 69 FR 55497

Impact dates

  1. Extended authorities expire unless renewed

Key directives

  • Continue exercise of Trading with the Enemy Act authorities for 1 year until September 14, 2005
  • Apply continuation to Foreign Assets Control Regulations (31 C.F.R. part 500)
  • Apply continuation to Transaction Control Regulations (31 C.F.R. part 505)
  • Apply continuation to Cuban Assets Control Regulations (31 C.F.R. part 515)
  • Secretary of the Treasury to publish determination in Federal Register

Who is ordered

Timeline

Immediate

  • Continuation of existing sanctions authorities takes effect

Near term (90d)

—

Long term

  • Sanctions authorities remain in force through September 14, 2005

Risks & tensions

  • Annual renewal mechanism creates procedural uncertainty for sanctions compliance
  • Cuban embargo continuation maintains long-standing geopolitical tension
Presidential Determination: Continuation of the Exercise of Certain Authorities under the Trading with the Enemy Act · Executive Orders