Continuing Certain Restrictions With Respect to North Korea and North Korean Nationals

Executive Order 13466 of June 26, 2008

Continuing Certain Restrictions With Respect to
North Korea and North Korean Nationals

By the authority vested in me as President by the
Constitution and the laws of the United States of
America, including the International Emergency Economic
Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the
National Emergencies Act (50 U.S.C. 1601 et seq.)
(NEA), and section 301 of title 3, United States Code,

I, GEORGE W. BUSH, President of the United States of
America, find that the current existence and risk of
the proliferation of weapons-usable fissile material on
the Korean Peninsula constitute an unusual and
extraordinary threat to the national security and
foreign policy of the United States, and I hereby
declare a national emergency to deal with that threat.
I further find that, as we deal with that threat
through multilateral diplomacy, it is necessary to
continue certain restrictions with respect to North
Korea that would otherwise be lifted pursuant to a
forthcoming proclamation that will terminate the
exercise of authorities under the Trading With the
Enemy Act (50 U.S.C. App. 1 et seq.) (TWEA) with
respect to North Korea.

Accordingly, I hereby order:

Section 1. Except to the extent provided in statutes or
in regulations, orders, directives, or licenses that
may be issued pursuant to this order, and
notwithstanding any contract entered into or any
license or permit granted prior to the date of this
order, the following are blocked and may not be
transferred, paid, exported, withdrawn, or otherwise
dealt in:

all property and interests in property of North Korea or a North Korean
national that, pursuant to the President's authorities under the TWEA, the
exercise of which has been continued in accordance with section 101(b) of
Public Law 95-223 (91 Stat. 1625; 50 U.S.C. App. 5(b) note), were blocked
as of June 16, 2000, and remained blocked immediately prior to the date of
this order.

Sec. 2. Except to the extent provided in statutes or in
regulations, orders, directives, or licenses that may
be issued pursuant to this order, and notwithstanding
any contract entered into or any license or permit
granted prior to the date of this order, United States
persons may not register a vessel in North Korea,
obtain authorization for a vessel to fly the North
Korean flag, or own, lease, operate, or insure any
vessel flagged by North Korea.

Sec. 3. (a) Any transaction by a United States person
or within the United States that evades or avoids, has
the purpose of evading or avoiding, or attempts to
violate any of the prohibitions set forth in this order
is prohibited.

(b) Any conspiracy formed to violate any of the
prohibitions set forth in this order is prohibited.

Sec. 4. For the purposes of this order:

(a) the term “person” means an individual or entity;

(b) the term “entity” means a partnership,
association, trust, joint venture, corporation, group,
subgroup, or other organization; and

(c) the term “United States person” means any United
States citizen, permanent resident alien, entity
organized under the laws of the United States or any
jurisdiction within the United States (including
foreign branches), or any person in the United States.

Sec. 5. The Secretary of the Treasury, after
consultation with the Secretary of State, is hereby
authorized to take such actions, including the
promulgation of rules and regulations, and to employ
all powers granted to the President by IEEPA as may be
necessary to carry out the purposes of this order. The
Secretary of the Treasury may redelegate any of these
functions to other officers and agencies of the United
States Government consistent with applicable law. All
agencies of the United States Government are hereby
directed to take all appropriate measures within their
authority to carry out the provisions of this order.

Sec. 6. The Secretary of the Treasury, after
consultation with the Secretary of State, is hereby
authorized to submit the recurring and final reports to
the Congress on the national emergency declared in this
order, consistent with section 401(c) of the NEA (50
U.S.C. 1641(c)) and section 204(c) of IEEPA (50 U.S.C.
1703(c)).

Sec. 7. This order is not intended to, and does not,
create any right or benefit, substantive or procedural,
enforceable at law or in equity by any party against
the United States, its departments, agencies,
instrumentalities, or entities, its officers or
employees, or any other person.

    (Presidential Sig.)

THE WHITE HOUSE,

    June 26, 2008.