Executive Order 12978: Blocking Assets and Prohibiting Transactions with Significant Narcotics Traffickers [open pdf - 60KB]
Alternate Title: EO 12978: Blocking Assets and Prohibiting Transactions with Significant Narcotics Traffickers
"The actions of significant foreign narcotics traffickers centered in Colombia, and the unparalleled violence, corruption, and harm that they cause in the United States and abroad, constitute an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States, and hereby declare a national emergency to deal with that threat. Except to the extent provided in section 203(b) of IEEPA (50 U.S.C. 1702(b)) and 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 effective date, I hereby order blocked all property and interests in property that are or hereafter come within the United States."
Executive Order 12978; EO 12978
Federal Register: http://www.gpoaccess.gov/fr/
Federal Register (October 24, 1995), v.60 no.205, p.54579-54580