Continuation of Libyan Emergency

In simple terms

President Clinton continued the national emergency regarding Libya originally declared by President Reagan in January 1986, citing Libya's continued support for terrorism and non-compliance with UN Security Council resolutions. This annual continuation maintains asset-blocking measures and other sanctions against Libya beyond their scheduled expiration date of January 7, 1997.

Federal Register Open PDF 62 FR 587

Record & deadlines

Jan 2, 1997Signed
Signed by the President
Jan 3, 1997FR published
Published in the Federal Register · 62 FR 587
Federal Register PDF
Jan 7, 1997
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

Oil & gas Other industrial

Mechanisms

Ban / prohibitionLicensing

Role pressure

AdverseTrading-partner exporter — Libya's oil sector remains blocked from US markets and dollar-denominated transactions; emergency continuation maintains prohibitions
ProtectiveDomestic producer — US oil and gas producers shielded from Libyan crude competition in US market due to continued sanctions

Geographies

US LI EU

Exposure dates

1997-01-07 — Original emergency expiration date; continuation extends beyond this date

Illustrative public companies

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

MMM3MCATCaterpillarLNGCheniere EnergyCVXChevronCOPConocoPhillipsXOMExxon MobilFCXFreeport-McMoRanGEVGE VernovaHONHoneywellSHELShellSPYSPDR S&P 500 ETF

Confidence: high · Policy alerts

Key directives

Continue national emergency declared January 7, 1986
Continue measures adopted January 7 and January 8, 1986
Publish notice in Federal Register
Transmit notice to Congress

Related orders

What to expect

Immediate

Emergency authority and asset blocking measures remain in effect beyond January 7, 1997

Near term (90d)

Annual congressional notification completed
Federal Register publication

Long term

Continuation of sanctions regime until Libya demonstrates concrete renunciation of terrorism
Potential for future modification if Libya complies with UNSC resolutions 731, 748, and 883

Risks & tensions

Perpetual emergency footing raises statutory questions about indefinite emergencies under NEA
UN multilateral sanctions regime creates tension with unilateral US emergency authority
No concrete off-ramp criteria specified for lifting beyond vague 'concrete actions' standard