[Weekly Compilation of Presidential Documents Volume 44, Number 25 (Monday, June 30, 2008)]
[Pages 911-912]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Executive Order 13466--Continuing Certain Restrictions With Respect to 
North Korea and North Korean Nationals

June 26, 2008

    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are blocked and may not be transferred, paid, exported, withdrawn, or 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,

[[Page 912]]

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.
                                                George W. Bush
 The White House,
 June 26, 2008.

 [Filed with the Office of the Federal Register, 10:27 a.m., June 26, 
2008]

Note: This Executive order was published in the Federal Register on June 
27.