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

President Obama extends for one year the exercise of Trading With the Enemy Act authorities regarding Cuba, continuing economic sanctions implemented through the Cuban Assets Control Regulations. The extension runs from September 14, 2012, to September 14, 2013.

Federal Register Open PDF 77 FR 56753

Impact dates

Sep 14, 2013
Continued authorities expire unless extended again
Sep 14, 2012
Prior authority expiration; new continuation begins

Key directives

Continue exercise of TWEA authorities with respect to Cuba for 1 year until September 14, 2013
Secretary of Treasury to publish determination in Federal Register

Who is ordered

Secretary of the Treasury · Treasury

Timeline

Immediate

Determination takes effect upon publication
Secretary of Treasury directed to publish in Federal Register

Near term (90d)

—

Long term

Sanctions regime continues through September 14, 2013
Annual review required for further continuation

Risks & tensions

Perpetuates long-standing Cuba sanctions despite ongoing debate over policy efficacy
Annual renewal mechanism creates recurring political decision point
Maintains status quo rather than advancing policy change