Removal of Terrorism Sanctions Regulations
| Published date | 10 March 2020 |
| Citation | 85 FR 13746 |
| Record Number | 2020-04851 |
| Section | Rules and Regulations |
| Court | Foreign Assets Control Office |
Federal Register, Volume 85 Issue 47 (Tuesday, March 10, 2020)
[Federal Register Volume 85, Number 47 (Tuesday, March 10, 2020)]
[Rules and Regulations]
[Pages 13746-13747]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-04851]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 595
Removal of Terrorism Sanctions Regulations
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Final rule.
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SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is removing from the Code of Federal Regulations the
Terrorism Sanctions Regulations as a result of the termination of the
national emergency on which the regulations were based.
DATES: Effective Date: March 10, 2020.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs,
202-622-4855; or Assistant Director for Sanctions Compliance &
Evaluation, 202-622-2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are
available on OFAC's website (www.treasury.gov/ofac).
Background
On January 23, 1995, the President issued Executive Order 12947,
``Prohibiting Transactions With Terrorists Who Threaten To Disrupt the
Middle East Peace Process'' (E.O. 12947), declaring a national
emergency with respect to ``grave acts of violence committed by foreign
terrorists that disrupt the Middle East peace process,'' and invoking
the authority, inter alia, of the International Emergency Economic
Powers Act (50 U.S.C. 1701-1706). In E.O. 12947, the President blocked
all property and interests in property of (1) persons listed in the
Annex to E.O. 12947; (2) foreign persons designated by the Secretary of
State, in coordination with the Secretary of the Treasury and the
Attorney General, because they are found (a) to have committed, or to
pose a significant risk of committing, acts of violence that have the
purpose or effect of disrupting the Middle East peace process, or (b)
to assist in, sponsor, or provide financial, material, or technological
support for, or services in support of, such acts of violence; and (3)
persons determined by the Secretary of the Treasury, in coordination
with the Secretary of State and the Attorney General, to be owned or
controlled by, or to act for or on behalf of, any of the foregoing
persons.
On February 2, 1996, OFAC issued the Terrorism Sanctions
Regulations, 31 CFR part 595 (the ``Regulations''), as a final rule to
implement E.O. 12947. The Regulations were amended on several
occasions.
On August 20, 1998, the President issued Executive Order 13099,
``Prohibiting Transactions With Terrorists Who Threaten To Disrupt the
Middle East Peace Process'' (E.O. 13099), amending the Annex to E.O.
12947 in order to take additional steps with respect to the national
emergency declared in E.O. 12947. On February 16, 2005, the President
issued Executive Order 13372, ``Clarification of Certain Executive
Orders Blocking Property and Prohibiting Certain Transactions,''
further amending E.O. 12947 in order to clarify steps taken in E.O.
12947 as amended by E.O. 13099.
On September 9, 2019, the President issued Executive Order 13886,
``Modernizing Sanctions To Combat Terrorism'' (E.O. 13886). In E.O.
13886, the President found that it was necessary to consolidate and
enhance sanctions to combat acts of terrorism and threats of terrorism
by foreign terrorists. Accordingly, he terminated the national
emergency declared in E.O. 12947, as amended, and revoked that order.
As a result, OFAC is removing the Regulations from the Code of
Federal Regulations. Pursuant to section 202 of the National
Emergencies Act (50 U.S.C. 1622), termination of the national emergency
declared in E.O. 12947, as amended, shall not affect any action taken
or proceeding pending and not finally concluded or determined as of
12:01 a.m. eastern daylight time on September 10, 2019 (the effective
date of E.O. 13886), any action or proceeding based on any act
committed prior to the effective date, or any rights or duties that
matured or penalties that were incurred prior to the effective date.
Public Participation
Because the Regulations involve a foreign affairs function, the
provisions of Executive Order 12866 and the Administrative Procedure
Act (5 U.S.C. 553) requiring notice of proposed rulemaking, opportunity
for public participation, and delay in effective date, as well as the
provisions of Executive Order 13771, are inapplicable. Because no
notice of proposed rulemaking is required for this rule, the Regulatory
Flexibility Act (5 U.S.C. 601-612) does not apply.
Paperwork Reduction Act
The Paperwork Reduction Act does not apply because this rule does
not impose information collection requirements that would require the
approval of the Office of Management and Budget under 44 U.S.C. 3501 et
seq.
List of Subjects in 31 CFR Part 595
Administrative practice and procedure, Banks, Banking and finance,
Blocking of assets, Fines and penalties, Reporting and recordkeeping
requirements, Specially designated terrorists, Terrorism, Transfer of
assets.
PART 595--[REMOVED]
0
For the reasons set forth in the preamble, and under the authority of 3
U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 1701-1706; Public
Law 101-410, 104 Stat. 890 (28 U.S.C. 2461 note); Public Law 110-96,
121 Stat.1011; E.O. 12947, 60 FR 5079, 3 CFR, 1995 Comp., p. 319; E.O.
13099, 63 FR 45167, 3 CFR, 1998 Comp., p. 208; E.O. 13372, 70 FR 8499,
3 CFR, 2006 Comp., p. 159; and E.O. 13886, 84 FR 48041 (September 12,
2019), OFAC
[[Page 13747]]
amends 31 CFR chapter V by removing part 595.
Dated: March 5, 2020.
Andrea Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2020-04851 Filed 3-9-20; 8:45 am]
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