Termination of Emergency With Respect to the Actions and Policies of Former Liberian President Charles Taylor

President Obama terminated the 2004 national emergency and revoked Executive Order 13348 regarding former Liberian President Charles Taylor, citing Liberia's democratic progress and Taylor's conviction. The termination preserves pending legal actions and matured penalties from the prior emergency period.

Federal Register Open PDF 80 FR 71679

Impact dates

Nov 12, 2015
Order effective at 2:00 p.m. eastern standard time

Key directives

Terminate national emergency declared in EO 13348
Revoke Executive Order 13348
Preserve pending actions, proceedings, matured rights, and incurred penalties under section 202(a) of NEA
Transmit order to Congress
Publish in Federal Register

Timeline

Immediate

National emergency terminated at 2:00 p.m. EST November 12, 2015
Executive Order 13348 revoked
Blocked assets likely unblocked unless subject to pending proceedings

Near term (90d)

Treasury Department implementation of asset unblocking
Financial institutions adjusting compliance procedures

Long term

Normalization of U.S.-Liberia economic relations
Closure of sanctions program infrastructure

Risks & tensions

Uncertainty about volume and status of pending enforcement actions preserved under Section 1
No explicit deadline for regulatory implementation of asset unblocking
Potential gaps between emergency termination and OFAC compliance guidance