ExecutiveOrdersEO
Notice 12978NoticeG.W. Bush · R

Presidential Notice 12978

Continuation of the National Emergency With Respect to Significant Narcotics Traffickers Centered in Colombia

This notice continues for one year a national emergency first declared in 1995 regarding significant narcotics traffickers centered in Colombia. The emergency powers block property of designated traffickers and their supporters and prohibit U.S. persons from transacting in such property.

Federal Register Open PDF 70 FR 61209

Impact dates

  1. Continued national emergency expires unless renewed

Key directives

  • Continue national emergency for 1 year beyond October 21, 2005
  • Publish notice in Federal Register
  • Transmit notice to Congress
  • Maintain blocking of property and interests in property of designated foreign persons
  • Maintain prohibition on transactions by U.S. persons in blocked property

Timeline

Immediate

  • Continuation of blocking sanctions takes effect upon publication
  • Property blocking and transaction prohibitions remain active

Near term (90d)

  • Federal Register publication required
  • Transmittal to Congress required

Long term

  • Emergency expires October 21, 2006 unless renewed again

Risks & tensions

  • Routine annual renewal with minimal policy review or debate
  • Perpetual emergency status normalizes extraordinary economic powers
  • Potential overreach affecting innocent third parties in financial transactions
Presidential Notice 12978: Continuation of the National Emergency With Respect to Significant Narcotics Traffickers Centered in Colombia · Executive Orders