House Document 107-114: Continuation of Export Control Regulations: Communication from the President of the United States Transmitting Notification That He Has Exercised the Authority Granted to Him to Continue the System of Controls contained in 15 c.F.R. Parts 730-774 and Issued an Executive Order to Continue Export Control Regulations, Pursuant to 50 U.S.C. 1703(b) [open pdf - 62KB]
This report was sent by President George W. Bush to the Speaker of the House of Representatives J. Dennis Hastert to notify the Congress that on August 17, 2001, he has "exercised the authority granted by [International Emergency Economic Powers Act] to continue in effect the system of controls contained in 15 C.F.R. Parts 730--774, including restrictions on participation by U.S. persons in certain foreign boycott activities." From the document: "In the absence of controls, foreign parties would have unrestricted access to U.S. commercial products, technology, and assistance, posing an unusual and extraordinary threat to national security, foreign policy, and economic objectives critical to the United States. In addition, U.S. persons would not be prohibited from complying with certain foreign boycott requests. This would seriously harm our foreign policy interests, particularly in the Middle East."
House Document 107-114
Government Printing Office: http://www.gpoaccess.gov/