ExecutiveOrdersEO
DetDeterminationClinton · D Quiet signal

Presidential Determination

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

President Clinton extended for one year the exercise of authorities under the Trading With the Enemy Act (TWEA) that were scheduled to terminate on September 14, 1997. The extension applies to sanctions programs administered under Treasury regulations covering foreign assets controls, transaction controls, and Cuban assets controls.

Federal Register Open PDF 62 FR 48729

Impact dates

  1. Extended authorities expire

  2. Prior extension scheduled to terminate

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

Oil & gasOther industrial

Mechanisms

Ban / prohibitionLicensing

Role pressure

  • AdverseTrading-partner exporter — Cuban Assets Control Regulations extension continues prohibition on US-person trade with Cuba and blocking of Cuban assets
  • AdverseImporter — Foreign Assets Control Regulations and Transaction Control Regulations maintain restrictions on dealings with sanctioned jurisdictions and entities

Geographies

USCNLIOTHER

Exposure dates

  • — Extended authorities expire

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

AAPLAppleSHELShellTSLATesla

Confidence: high · Policy alerts

Key directives

  • Extend exercise of TWEA authorities for 1 year until September 14, 1998
  • Extension applies to 31 CFR Part 500 (Foreign Assets Control Regulations), 31 CFR Part 505 (Transaction Control Regulations), and 31 CFR Part 515 (Cuban Assets Control Regulations)
  • Secretary of the Treasury to publish determination in Federal Register

Who is ordered

Timeline

Immediate

  • Extension takes effect for authorities scheduled to expire September 14, 1997

Near term (90d)

  • Continued enforcement of Foreign Assets Control Regulations, Transaction Control Regulations, and Cuban Assets Control Regulations

Long term

  • Authorities expire September 14, 1998 unless further extended; annual review cycle for TWEA authorities continues

Risks & tensions

  • Annual TWEA extension has become routine procedural mechanism since 1977 but maintains legally contested authorities; tension between Congressionally-limited emergency powers and perpetual annual renewals
  • Cuban Assets Control Regulations extension maintains longest-running US economic sanctions regime without formal state of war
Presidential Determination: Extension of the Exercise of Certain Authorities Under the Trading With the Enemy Act · Executive Orders