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 authorities under the Trading With the Enemy Act (TWEA) that were scheduled to terminate on September 14, 2007. The continuation applies to countries affected by the Foreign Assets Control Regulations, Transaction Control Regulations, and Cuban Assets Control Regulations, lasting until September 14, 2008.

Federal Register Open PDF 72 FR 53409

Impact dates

  1. Continued authorities expire unless extended again

  2. Prior authorities scheduled to terminate; new continuation takes effect

Key directives

  • Continue exercise of TWEA authorities for 1 year until September 14, 2008
  • Secretary of the Treasury to publish determination in Federal Register

Who is ordered

Timeline

Immediate

  • Continuation of TWEA authorities takes effect September 14, 2007

Near term (90d)

  • Secretary of Treasury to publish determination in Federal Register

Long term

  • Sanctions authorities remain in force through September 14, 2008

Risks & tensions

  • Annual extension mechanism creates recurring uncertainty for sanctioned entities
  • Longstanding Cuba sanctions remain politically contentious
  • Reliance on TWEA for Cuba sanctions increasingly anachronistic given post-Cold War context
Presidential Determination: Continuation of the Exercise of Certain Authorities Under the Trading With the Enemy Act · Executive Orders