[Federal Register Volume 59, Number 247 (Tuesday, December 27, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-31727]
[[Page Unknown]]
[Federal Register: December 27, 1994]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 580
Haitian Transactions Regulations; Termination of Sanctions
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Final rule; amendments.
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SUMMARY: Pursuant to Executive Order 12932 of October 14, 1994 (59 FR
52403), the Treasury Department has terminated, effective October 16,
1994, all sanctions with respect to Haiti imposed during the period of
the national emergency declared on October 4, 1991 in Executive Order
12775. This termination does not affect compliance and enforcement
actions involving prior transactions or violations of the sanctions.
EFFECTIVE DATE: 12:01 a.m. Eastern Daylight Time, October 16, 1994.
FOR FURTHER INFORMATION CONTACT: Steven I. Pinter, Chief of Licensing
(tel.: 202/622-2480), or William B. Hoffman, Chief Counsel (tel.: 202/
622-2410), Office of Foreign Assets Control, Department of the
Treasury, Washington, D.C. 20220.
SUPPLEMENTARY INFORMATION:
Electronic Availability:
This document is available as an electronic file on The Federal
Bulletin Board the day of publication in the Federal Register. By modem
dial 202/512-1387 or call 202/512-1530 for disks or paper copies. This
file is available in Postscript, WordPerfect 5.1 and ASCII.
Background
The Office of Foreign Assets Control (``FAC'') is amending the
Haitian Transactions Regulations, 31 CFR Part 580 (the ``HTR''), to add
Sec. 500.524, implementing Executive Order 12932, which authorizes all
transactions on or after October 16, 1994, involving property in which
Haiti or its nationals have an interest, and all other transactions
previously prohibited by the HTR. The effect of this amendment is to
authorize all transactions previously prohibited by subpart B of the
HTR or by Executive Order 12775, 12779, 12853, 12872, 12914, 12917,
12920 or 12922, effective October 16, 1994. On October 14, 1994, the
President signed Executive Order 12932, terminating the national
emergency declared with respect the de facto regime in Haiti and
revoking all Executive orders promulgated with respect to that
emergency, effective October 16, 1994. Newly authorized transactions
include, but are not limited to, new investment, otherwise lawful
importations from and exportations to Haiti, and brokering
transactions. Reports due under general or specific license must still
be filed covering activities up until the effective date of this rule.
Enforcement actions with respect to past violations of the sanctions
are not affected by this rule.
Because the HTR involve a foreign affairs function, Executive Order
12866 and the provisions of the Administrative Procedure Act, 5 U.S.C.
553, requiring notice of proposed rulemaking, opportunity for public
participation, and delay in effective date, are inapplicable. Because
no notice of proposed rulemaking is required for this rule, the
Regulatory Flexibility Act, 5 U.S.C. 601-612, does not apply.
List of Subjects in 31 CFR Part 580
Administrative practice and procedure, Agricultural commodities,
Banking and finance, Blocking of assets, Exports, Foods, Haiti,
Imports, Penalties, Reporting and recordkeeping requirements, Shipping,
Specially designated nationals, Transfer of assets, Vessels.
For the reasons set forth in the preamble, 31 CFR part 580 is
amended as follows:
PART 580--HAITIAN TRANSACTIONS REGULATIONS
1. The authority citation for part 580 is revised to read as
follows:
Authority: 50 U.S.C. 1701-1706; 50 U.S.C. 1601-1651; 22 U.S.C.
287c; 3 U.S.C. 301; E.O. 12775, 56 FR 50641, 3 CFR, 1991 Comp., p.
349; E.O. 12779, 56 FR 55975, 3 CFR 1991 Comp., p. 367; E.O. 12853,
58 FR 35843, 3 CFR, 1993 Comp., p. 612; E.O. 12872, 58 FR 54029, 3
CFR, 1993 Comp., p. 658; E.O. 12914, 59 FR 24339, May 20, 1994; E.O.
12917, 59 FR 26925, May 24, 1994; E.O. 12920, 59 FR 30501, June 14,
1994; E.O. 12922, 59 FR 32645, June 23, 1994; E.O. 12932, 59 FR
52403, October 18, 1994.
Subpart E--Licenses, Authorizations and Statements of Licensing
Policy
2. Section 500.524 is added to read as follows:
Sec. 500.524 Authorization of new transactions; lifting of sanctions.
(a) The prohibitions contained in Secs. 580.201 through 580.211 of
this part do not apply to any transaction occurring after 12:01 a.m.
Eastern Daylight Time, October 16, 1994.
(b) Nothing in this section affects any action taken or proceeding
pending and not finally concluded or determined on, or any action or
proceeding based on any act committed prior to, or any rights or duties
that matured or penalties that were incurred prior to 12:01 a.m. EDT,
October 16, 1994.
(c) Reports required pursuant to this part with respect to
transactions occurring prior to 12:01 a.m. EDT, October 16, 1994, must
still be filed with the Compliance Division, Office of Foreign Assets
Control.
Dated: December 12, 1994.
R. Richard Newcomb,
Director, Office of Foreign Assets Control.
Approved: December 14, 1994.
John Berry,
Deputy Assistant Secretary (Enforcement).
[FR Doc. 94-31727 Filed 12-21-94; 1:57 pm]
BILLING CODE 4810-25-F
