[Federal Register Volume 62, Number 69 (Thursday, April 10, 1997)]
[Rules and Regulations]
[Page 17548]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-9206]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 500
Foreign Assets Control Regulations: Overflight Payments to North
Korea
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Final rule; amendment.
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SUMMARY: This rule amends the Foreign Assets Control Regulations to
authorize by general license payments with respect to the provision of
services by North Korea in connection with the overflight of North
Korea or emergency landings in North Korea by aircraft owned or
controlled by a person subject to the jurisdiction of the United States
or registered in the United States.
EFFECTIVE DATE: April 7, 1997.
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, DC 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 and type ``/GO FAC,'' or call 202/512-1530 for
disk or paper copies. This file is available for downloading without
charge in WordPerfect 5.1, ASCII, and Adobe AcrobatTM readable
(*.PDF) formats. For Internet access, the address for use with the
World Wide Web (Home Page), Telnet, or FTP protocol is:
fedbbs.access.gpo.gov. The document is also accessible for downloading
in ASCII format without charge from Treasury's Electronic Library
(``TEL'') in the ``Business, Trade and Labor Mall'' of the FedWorld
bulletin board. By modem, dial 703/321-3339, and select the appropriate
self-expanding file in TEL. For Internet access, use one of the
following protocols: Telnet = fedworld.gov (192.239.93.3); World Wide
Web (Home Page) = http://www.fedworld.gov; FTP = ftp.fedworld.gov
(192.239.92.205). Additional information concerning the programs of the
Office of Foreign Assets Control is available for downloading from the
Office's Internet Home Page: http://www.ustreas.gov/treasury/services/
fac/fac.html, or in fax form through the Office's 24-hour fax-on-demand
service: call 202/622-0077 using a fax machine, fax modem, or (within
the United States) a touch-tone telephone.
Background
As part of the October 21, 1994 United States-Democratic People's
Republic of Korea Agreed Framework, the United States undertook to ease
economic sanctions against North Korea. As a measure consistent with
this foreign policy, the Treasury Department is amending the Foreign
Assets Control Regulations, 31 CFR part 500 (the ``Regulations''), by
adding Sec. 500.585 to authorize, by general license, the payment of
fees with respect to the provision of services by North Korea in
connection with the overflight of North Korea or emergency landings in
North Korea by aircraft owned or controlled by a person subject to the
jurisdiction of the United States or registered in the United States.
Because the Regulations 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 500
Administrative practice and procedure, Banks, banking, Blocking of
assets, Cambodia, Exports, Finance, Foreign claims, Foreign investment
in the United States, Foreign trade, Imports, Information and
informational materials, International organizations, North Korea,
Penalties, Reporting and recordkeeping requirements, Securities,
Services, Specially designated nationals, Terrorism, Travel
restrictions, Trusts and estates, Vietnam.
For the reasons set forth in the preamble, 31 CFR part 500 is
amended as set forth below:
1. The authority citation for part 500 is revised to read as
follows:
Authority: 50 U.S.C. App. 1-44; Pub. L. 101-410, 104 Stat. 890
(28 U.S.C. 2461 note); Pub. L. 104-132, 110 Stat. 1214, 1254 (18
U.S.C. 2332d); E.O. 9193, 7 FR 5205, 3 CFR, 1938-1943 Comp., p.
1174; E.O. 9989, 13 FR 4891, 3 CFR, 1943-1948 Comp., p. 748.
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
2. Section 500.585 is added to read as follows:
Sec. 500.585 Payments for services rendered by North Korea to United
States aircraft authorized.
Payments to North Korea of charges for services rendered by the
Government of North Korea in connection with the overflight of North
Korea or emergency landing in North Korea by aircraft owned or
controlled by a person subject to the jurisdiction of the United States
or registered in the United States are authorized.
Dated: March 24, 1997.
R. Richard Newcomb,
Director, Office of Foreign Assets Control.
Approved: March 31, 1997.
James E. Johnson,
Assistant Secretary (Enforcement).
[FR Doc. 97-9206 Filed 4-7-97; 12:05 pm]
BILLING CODE 4810-25-F
