ExecutiveOrdersEO
DetDeterminationG.W. Bush · R Quiet signal

Presidential Determination

Continuation of the Exercise of Certain Authorities Under the Trading With the Enemy Act

President Bush extended for one year the exercise of certain authorities under the Trading With the Enemy Act (TWEA) that were scheduled to terminate on September 14, 2003. The continuation applies to countries affected by Treasury Department regulations governing foreign assets controls, transaction controls, and Cuban assets controls, lasting until September 14, 2004.

Federal Register Open PDF 68 FR 54325

Impact dates

  1. Expiration of continued TWEA authorities

Key directives

  • Continue exercise of TWEA authorities for 1 year until September 14, 2004
  • Apply continuation to countries affected by 31 C.F.R. part 500, 31 C.F.R. part 505, and 31 C.F.R. part 515
  • Secretary of the Treasury to publish determination in Federal Register

Who is ordered

Timeline

Immediate

  • Continuation of TWEA authorities takes effect upon issuance

Near term (90d)

  • Treasury Secretary to publish determination in Federal Register

Long term

  • TWEA authorities remain in force through September 14, 2004

Risks & tensions

  • Annual renewal mechanism creates procedural uncertainty for sanctions-dependent policies
  • Continuation of Cuba-specific sanctions amid evolving diplomatic context
  • Reliance on TWEA—an emergency wartime statute—for long-standing peacetime sanctions raises legal tension
Presidential Determination: Continuation of the Exercise of Certain Authorities Under the Trading With the Enemy Act · Executive Orders