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107th Congress, 2d Session - - - - - - - - - - - House Document 107-168


 
 PERIODIC REPORT ON THE NATIONAL EMERGENCY WITH RESPECT TO TERRORISTS 
         WHO THREATEN TO DISRUPT THE MIDDLE EAST PEACE PROCESS

                               __________

                             COMMUNICATION

                                  from

                   THE PRESIDENT OF THE UNITED STATES

                              transmitting

  A SIX MONTH PERIODIC REPORT ON THE NATIONAL EMERGENCY, DECLARED IN 
 EXECUTIVE ORDER 12947 OF JANUARY 23, 1995, WITH RESPECT TO TERRORISTS 
 WHO THREATEN TO DISRUPT THE MIDDLE EAST PEACE PROCESS, PURSUANT TO 50 
                  U.S.C. 1641(c) AND 50 U.S.C. 1703(c)

<GRAPHIC(S) NOT AVAILABLE IN TIFF FORMAT>


January 23, 2002.--Referred to the Committee on International Relations 
                       and ordered to be printed


                                           The White House,
                                      Washington, January 18, 2002.

Hon. J. Dennis Hastert,
Speaker of the House of Representatives,
Washington, DC.
    Dear Mr. Speaker: As required by section 401(c) of the 
National Emergencies Act, 50 U.S.C. 1641(c), and section 204(c) 
of the International Emergency Economic Powers Act, 50 U.S.C. 
1703(c), I transmit herewith a 6-month periodic report on the 
national emergency, declared in Executive Order 12947 of 
January 23, 1995, with respect to terrorists who threaten to 
disrupt the Middle East peace process.
            Sincerely,
                                                    George W. Bush.


 Periodic Report on the National Emergency With Respect to Terrorists 
         Who Threaten To Disrupt the Middle East Peace Process

    I hereby report to the Congress on the developments over 
the course of the past 6 months concerning the national 
emergency, with respect to terrorists who threaten to disrupt 
the Middle East peace process, that was declared in Executive 
Order 12947 of January 23, 1995, as expanded in scope by 
Executive Order 13099 of August 20, 1998. This report, based 
upon information provided, is submitted pursuant to section 
204(c) of the International Emergency Economic Powers Act, 50 
U.S.C. 1703(c) (``IEEPA''), and section 401(c) of the National 
Emergencies Act, 50 U.S.C. 1641(c).
    1. There have been no amendments to the Terrorism Sanctions 
Regulations, 31 CFR Part 595 (the ``Regulations''), during the 
current reporting period.
    2. The Department of the Treasury's Office of Foreign 
Assets Control (``OFAC'') has issued no licenses pursuant to 
the Regulations during the current reporting period.
    3. On December 4, 2001, OFAC added the Holy Land Foundation 
(HLF), a Texas-based organization with branches in several 
other U.S. cities, along with Al-Aqsa Islamic Bank and Beit El-
Mal Holdings to its list of Specially Designated Terrorists. 
These entities were also simultaneously blocked pursuant to 
Executive Order 13224 of September 24, 2001, (``Blocking 
Property and Prohibiting Transactions With Persons Who Commit, 
Threaten To Commit, or Support Terrorism''). All of their 
assets in the United States and all assets coming into the 
possession or control of U.S. persons are blocked. A 
preliminary accounting indicates that OFAC has blocked 
approximately $6 million of the newly targeted assets subject 
to U.S. jurisdiction. In addition, on September 5, 2001, OFAC 
issued an order to a Texas-based Internet service provider 
blocking the financial interest of a Specially Designated 
Terrorist (``SDT'') in the company. A total of $102,000 in the 
company's bank account has been blocked and OFAC continues to 
investigate the nature and extent of that interest. One 
additional transaction totaling approximately $3,000 was 
blocked during this reporting period. This brings the total 
blocked assets being reported to OFAC to more than $6,150,000 
as of December 4, 2001. The blocking of these funds prevents 
their conversion or other disposal for the benefit of the SDT. 
Federal agencies will continue to work closely to identify and 
block assets in which SDTs have an interest.
    4. Since my last report, OFAC has one civil penalty case 
underway against a U.S. financial entity for violation of IEEPA 
and the Regulations by dealing in property in which an SDT has 
an interest.
    5. The expenses incurred by the Federal Government in the 
6-month period from July 23, 2001, through January 22, 2002, 
that are directly attributable to the exercise of powers and 
authorities conferred by the declaration of the national 
emergency with respect to terrorists who threaten to disrupt 
the Middle East peace process are estimated at approximately 
$450,000. These data do not reflect certain costs of operations 
by the intelligence and law enforcement communities.
    6. Executive Orders 12947 and 13099 provide this 
Administration with a tool for combating fundraising in this 
country on behalf of organizations that use terror to undermine 
the Middle East peace process. The orders make it harder for 
such groups to finance these criminal activities by impeding 
their access to sources of support in the United States and to 
U.S. financial facilities. They are also intended to reach 
charitable contributions to designated organizations and 
individuals to preclude diversion of such donations to 
terrorist activities.
    The Executive orders demonstrate the United States 
determination to confront and combat those who would seek to 
destroy the Middle East peace process and our commitment to the 
global fight against terrorism.

                                <all>


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