ExecutiveOrdersEO
Notice 12924NoticeClinton · D Quiet signal

Presidential Notice 12924

Continuation of Emergency Regarding Export Control Regulations

President Clinton continued the national emergency declared in Executive Order 12924, which was issued on August 19, 1994, due to the expiration of the Export Administration Act of 1979. The continuation extends the emergency authority beyond its August 19, 1997 expiration date, maintaining export control regulations under the International Emergency Economic Powers Act.

Federal Register Open PDF 62 FR 43629

Impact dates

  1. Original emergency expiration date; continuation extends beyond this date

Market exposure

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

Sectors

Defense primesSemiconductorsOther industrial

Mechanisms

Licensing

Role pressure

  • MixedDomestic producer — Maintains controls on competitors but also constrains own export opportunities

Geographies

US

Exposure dates

  • — Original emergency expiration date; continuation extends beyond this date

Illustrative public companies

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

MMM3MBABoeingCATCaterpillarFCXFreeport-McMoRanGEVGE VernovaGDGeneral DynamicsHONHoneywellINTCIntelQQQInvesco QQQ TrustLMTLockheed MartinMUMicron TechnologyNOCNorthrop GrummanRTXRTXSPYSPDR S&P 500 ETF

Confidence: medium · Policy alerts

Key directives

  • Continue national emergency declared in Executive Order 12924 beyond August 19, 1997
  • Publish notice in Federal Register
  • Transmit notice to Congress

Timeline

Immediate

  • Continuation of national emergency takes effect August 13, 1997

Near term (90d)

  • Export control regulations remain in force under IEEPA authority

Long term

  • Potential pressure on Congress to renew Export Administration Act; continued reliance on emergency authority for export controls

Risks & tensions

  • Reliance on emergency authority rather than statutory framework creates legal uncertainty for exporters
  • Congressional failure to renew Export Administration Act perpetuates extraordinary executive powers
  • Potential tension between executive emergency authority and legislative intent
Presidential Notice 12924: Continuation of Emergency Regarding Export Control Regulations · Executive Orders