Executive Order 12724: Blocking Iraqi Government Property and Prohibiting Transactions with Iraq [open pdf - 111KB]
Alternate Title: EO 12724: Blocking Iraqi Government Property and Prohibiting Transactions with Iraq
This executive order blocks Iraqi government property and prohibits transactions with Iraq. "By the authority vested in me as Resident by the Constitution and laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), the National Emergencies Act (50 U.S.C. 1601 et seq.], section 301 of title 3 of the United States Code, and the United Nations Participation Act (22 U.S.C. 2871, in view of United Nations Security Council Resolution No. 861 of August 6, 1990, and in order to take additional steps with respect to Iraq's invasion of Kuwait and the national emergency declared in Executive Order No. 12722, I. GEORGE BUSH, President of the United States of America, hereby order: Except to the extent provided in regulations that may hereafter be issued pursuant to this order, all property and interests in property of the Government of Iraq that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of United States persons, including their overseas branches, are hereby blocked."
Executive Order 12724; EO 12724
Code of Federal Regulations