Post by bot on Apr 8, 2004 2:21:05 GMT -5
Subject: Iraqi Oil Protected By Bush Executive Order
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Newsgroups: alt.politics, alt.politics.bush
Date: 2004-04-06 18:11:10 PST
Now we get to the true reasons we're in Iraq:
Executive Order signed by Bush, protecting American interests in Iraqi
oil.
www.whitehouse.gov/news/releases/2003/05/20030522-15.html
Executive Order Protecting the Development Fund for Iraq and Certain
Other Property in Which Iraq Has An Interest
By the authority vested in me as President by the Constitution and the
laws of the United States of America, including the International
Emergency Economic Powers Act, as amended (50 U.S.C. 1701 et seq.)
(IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.),
section 5 of the United Nations Participation Act, as amended (22
U.S.C. 287c) (UNPA), and section 301 of title 3, United States Code,
I, GEORGE W. BUSH, President of the United States of America, find
that the threat of attachment or other judicial process against the
Development Fund for Iraq, Iraqi petroleum and petroleum products, and
interests therein, and proceeds, obligations, or any financial
instruments of any nature whatsoever arising from or related to the
sale or marketing thereof, and interests therein, obstructs the
orderly reconstruction of Iraq, the restoration and maintenance of
peace and security in the country, and the development of political,
administrative, and economic institutions in Iraq. This situation
constitutes an unusual and extraordinary threat to the national
security and foreign policy of the United States and I hereby declare
a national emergency to deal with that threat.
I hereby order:
Section 1. Unless licensed or otherwise authorized pursuant to this
order, any attachment, judgment, decree, lien, execution, garnishment,
or other judicial process is prohibited, and shall be deemed null and
void, with respect to the following:
(a) the Development Fund for Iraq, and
(b) all Iraqi petroleum and petroleum products, and interests therein,
and proceeds, obligations, or any financial instruments of any nature
whatsoever arising from or related to the sale or marketing thereof,
and interests therein, in which any foreign country or a national
thereof has any interest, that are in the United States, that
hereafter come within the United States, or that are or hereafter come
within the possession or control of United States persons.
Sec. 2. (a) As of the effective date of this order, Executive Order
12722 of August 2, 1990, Executive Order 12724 of August 9, 1990, and
Executive Order 13290 of March 20, 2003, shall not apply to the
property and interests in property described in section 1 of this
order.
(b) Nothing in this order is intended to affect the continued
effectiveness of any rules, regulations, orders, licenses or other
forms of administrative action issued, taken, or continued in effect
heretofore or hereafter under Executive Orders 12722, 12724, or 13290,
or under the authority of IEEPA or the UNPA, except as hereafter
terminated, modified, or suspended by the issuing Federal agency and
except as provided in section 2(a) of this order.
Sec. 3. For the purposes of this order:
(a) The term "person" means an individual or entity;
(b) The term "entity" means a partnership, association, trust, joint
venture, corporation, group, subgroup, or other organization;
(c) The term "United States person" means any United States citizen,
permanent resident alien, entity organized under the laws of the
United States or any juris-diction within the United States (including
foreign branches), or any person in the United States;
(d) The term "Iraqi petroleum and petroleum products" means any
petroleum, petroleum products, or natural gas originating in Iraq,
including any Iraqi-origin oil inventories, wherever located; and
(e) The term "Development Fund for Iraq" means the fund established on
or about May 22, 2003, on the books of the Central Bank of Iraq, by
the Administrator of the Coalition Provisional Authority responsible
for the temporary governance of Iraq and all accounts held for the
fund or for the Central Bank of Iraq in the name of the fund.
Sec. 4. (a) The Secretary of the Treasury, in consultation with the
Secretary of State and the Secretary of Defense, is hereby authorized
to take such actions, including the promulga-tion of rules and
regulations, and to employ all powers granted to the President by
IEEPA and the UNPA as may be necessary to carry out the purposes of
this order. The Secretary of the Treasury may redelegate any of these
functions to other officers and agencies of the United States
Government. All agencies of the United States Government are hereby
directed to take all appropriate measures within their statutory
authority to carry out the provisions of this order.
(b) Nothing contained in this order shall relieve a person from any
requirement to obtain a license or other authorization in compliance
with applicable laws and regulations.
Sec. 5. This order is not intended to, and does not, create any right,
benefit, or privilege, substantive or procedural, enforceable at law
or in equity by a party against the United States, its departments,
agencies, entities, officers, employees, or agents, or any other
person.
Sec. 6. This order shall be transmitted to the Congress and published
in the Federal Register.
GEORGE W. BUSH
THE WHITE HOUSE
This is the only article in this thread
View: Original Format
Newsgroups: alt.politics, alt.politics.bush
Date: 2004-04-06 18:11:10 PST
Now we get to the true reasons we're in Iraq:
Executive Order signed by Bush, protecting American interests in Iraqi
oil.
www.whitehouse.gov/news/releases/2003/05/20030522-15.html
Executive Order Protecting the Development Fund for Iraq and Certain
Other Property in Which Iraq Has An Interest
By the authority vested in me as President by the Constitution and the
laws of the United States of America, including the International
Emergency Economic Powers Act, as amended (50 U.S.C. 1701 et seq.)
(IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.),
section 5 of the United Nations Participation Act, as amended (22
U.S.C. 287c) (UNPA), and section 301 of title 3, United States Code,
I, GEORGE W. BUSH, President of the United States of America, find
that the threat of attachment or other judicial process against the
Development Fund for Iraq, Iraqi petroleum and petroleum products, and
interests therein, and proceeds, obligations, or any financial
instruments of any nature whatsoever arising from or related to the
sale or marketing thereof, and interests therein, obstructs the
orderly reconstruction of Iraq, the restoration and maintenance of
peace and security in the country, and the development of political,
administrative, and economic institutions in Iraq. This situation
constitutes an unusual and extraordinary threat to the national
security and foreign policy of the United States and I hereby declare
a national emergency to deal with that threat.
I hereby order:
Section 1. Unless licensed or otherwise authorized pursuant to this
order, any attachment, judgment, decree, lien, execution, garnishment,
or other judicial process is prohibited, and shall be deemed null and
void, with respect to the following:
(a) the Development Fund for Iraq, and
(b) all Iraqi petroleum and petroleum products, and interests therein,
and proceeds, obligations, or any financial instruments of any nature
whatsoever arising from or related to the sale or marketing thereof,
and interests therein, in which any foreign country or a national
thereof has any interest, that are in the United States, that
hereafter come within the United States, or that are or hereafter come
within the possession or control of United States persons.
Sec. 2. (a) As of the effective date of this order, Executive Order
12722 of August 2, 1990, Executive Order 12724 of August 9, 1990, and
Executive Order 13290 of March 20, 2003, shall not apply to the
property and interests in property described in section 1 of this
order.
(b) Nothing in this order is intended to affect the continued
effectiveness of any rules, regulations, orders, licenses or other
forms of administrative action issued, taken, or continued in effect
heretofore or hereafter under Executive Orders 12722, 12724, or 13290,
or under the authority of IEEPA or the UNPA, except as hereafter
terminated, modified, or suspended by the issuing Federal agency and
except as provided in section 2(a) of this order.
Sec. 3. For the purposes of this order:
(a) The term "person" means an individual or entity;
(b) The term "entity" means a partnership, association, trust, joint
venture, corporation, group, subgroup, or other organization;
(c) The term "United States person" means any United States citizen,
permanent resident alien, entity organized under the laws of the
United States or any juris-diction within the United States (including
foreign branches), or any person in the United States;
(d) The term "Iraqi petroleum and petroleum products" means any
petroleum, petroleum products, or natural gas originating in Iraq,
including any Iraqi-origin oil inventories, wherever located; and
(e) The term "Development Fund for Iraq" means the fund established on
or about May 22, 2003, on the books of the Central Bank of Iraq, by
the Administrator of the Coalition Provisional Authority responsible
for the temporary governance of Iraq and all accounts held for the
fund or for the Central Bank of Iraq in the name of the fund.
Sec. 4. (a) The Secretary of the Treasury, in consultation with the
Secretary of State and the Secretary of Defense, is hereby authorized
to take such actions, including the promulga-tion of rules and
regulations, and to employ all powers granted to the President by
IEEPA and the UNPA as may be necessary to carry out the purposes of
this order. The Secretary of the Treasury may redelegate any of these
functions to other officers and agencies of the United States
Government. All agencies of the United States Government are hereby
directed to take all appropriate measures within their statutory
authority to carry out the provisions of this order.
(b) Nothing contained in this order shall relieve a person from any
requirement to obtain a license or other authorization in compliance
with applicable laws and regulations.
Sec. 5. This order is not intended to, and does not, create any right,
benefit, or privilege, substantive or procedural, enforceable at law
or in equity by a party against the United States, its departments,
agencies, entities, officers, employees, or agents, or any other
person.
Sec. 6. This order shall be transmitted to the Congress and published
in the Federal Register.
GEORGE W. BUSH
THE WHITE HOUSE