ExecutiveOrdersEO
Notice 13303NoticeG.W. Bush · R Quiet signal

Presidential Notice 13303

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

President Bush continued for one year the national emergency declared in Executive Order 13303 on May 22, 2003, protecting the Development Fund for Iraq and certain Iraqi property from attachment or judicial process. The notice extends sanctions and blocking authorities originally established to facilitate Iraq's reconstruction, citing ongoing threats to U.S. national security and foreign policy.

Federal Register Open PDF 71 FR 29237

Impact dates

  1. Continued national emergency expires unless extended again

Key directives

  • Continue national emergency declared May 22, 2003 for 1 year beyond May 22, 2006
  • Continue measures adopted August 28, 2003, July 29, 2004, and November 29, 2004
  • Publish notice in Federal Register
  • Transmit notice to Congress

Timeline

Immediate

  • National emergency continues in effect beyond May 22, 2006
  • Blocking of property and sanctions remain active

Near term (90d)

  • Continued protection of Development Fund for Iraq from judicial process
  • Continued blocking of former regime assets

Long term

  • Annual review required for emergency continuation beyond May 22, 2007
  • Potential modification based on changed circumstances in Iraq

Risks & tensions

  • Tension between protecting Iraqi assets and allowing legitimate contractual judgments post-June 30, 2004
  • UN Security Council Resolutions 1483 and 1546 impose limits on scope of protections
  • Unclear whether changed circumstances in Iraq still warrant emergency status
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