ExecutiveOrdersEO
Notice 13303NoticeTrump 47 · R

Presidential Notice 13303

Continuation of the National Emergency With Respect to the Stabilization of Iraq

This notice continues for one year the national emergency originally declared in 2003 regarding Iraq's stabilization, citing ongoing threats to U.S. national security and foreign policy from obstacles to Iraq's reconstruction, peace, security, and institutional development. The continuation is made under the National Emergencies Act and extends authorities underlying multiple prior executive orders.

Federal Register Open PDF 90 FR 20559

Impact dates

  1. Continued national emergency expires unless renewed

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

Banking & financeOil & gasOther industrial

Mechanisms

Ban / prohibitionLicensing

Role pressure

  • AdverseImporter — Continued emergency authorities maintain potential for asset blocking and transaction restrictions related to Iraq
  • UncertainTrading-partner exporter — Iraq-related trade remains subject to U.S. emergency sanctions authorities; Iraqi oil sector transactions face ongoing compliance complexity

Geographies

USOTHER

Exposure dates

  • — Continued national emergency expires unless renewed

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

AAPLAppleHSBCHSBCSHELShellTSLATesla

Confidence: medium · Policy alerts

Key directives

  • Continue national emergency with respect to Iraq stabilization for 1 year beyond May 22, 2025
  • Publish notice in Federal Register
  • Transmit notice to Congress

Timeline

Immediate

  • National emergency continues in effect beyond May 22, 2025
  • Authorities under EO 13303 and subsequent orders remain active

Near term (90d)

  • Annual congressional notification completed
  • Federal Register publication

Long term

  • Emergency authority expires May 22, 2026 unless renewed again

Risks & tensions

  • Perpetual emergency authority since 2003 raises constitutional questions about indefinite emergency declarations
  • Scope of 'stabilization' has expanded significantly from original 2003 reconstruction context
Presidential Notice 13303: Continuation of the National Emergency With Respect to the Stabilization of Iraq · Executive Orders