Ending Immunities Granted to the Development Fund for Iraq and Certain Other Iraqi Property and Interests in Property Pursuant to Executive Order 13303, as Amended

Executive Order 13668 of May 27, 2014

Ending Immunities Granted to the Development Fund
for Iraq and Certain Other Iraqi Property and Interests
in Property Pursuant to Executive Order 13303, as
Amended

By the authority vested in me as President by the
Constitution and the laws of the United States of
America, including the International Emergency Economic
Powers Act, as amended (50 U.S.C. 1701 et seq.)
(IEEPA), the National Emergencies Act (50 U.S.C. 1601
et seq.), section 5 of the United Nations Participation
Act, as amended (22 U.S.C. 287c) (UNPA), and section
301 of title 3, United States Code,

I, BARACK OBAMA, President of the United States of
America, have determined that the situation that gave
rise to the actions taken in Executive Order 13303 of
May 22, 2003, to protect the Development Fund for Iraq
and certain other property in which the Government of
Iraq has an interest has been significantly altered.
Recognizing the changed circumstances in Iraq,
including the Government of Iraq's progress in
resolving and managing the risk associated with
outstanding debts and claims arising from actions of
the previous regime, I hereby terminate the
prohibitions contained in section 1 of Executive Order
13303 of May 22, 2003, as amended by Executive Order
13364 of November 29, 2004, on any attachment,
judgment, decree, lien, execution, garnishment, or
other judicial process with respect to the Development
Fund for Iraq and Iraqi petroleum, petroleum products,
and interests therein, and the accounts, assets,
investments, and other property owned by, belonging to,
or held by, in the name of, on behalf of, or otherwise
for, the Central Bank of Iraq. This action is not
intended otherwise to affect the national emergency
declared in Executive Order 13303 of May 22, 2003, as
expanded in scope by Executive Order 13315 of August
28, 2003, which shall remain in place. This action is
also not intended to affect immunities enjoyed by the
Government of Iraq and its property under otherwise
applicable law.

I hereby order:

Section 1. The prohibitions set forth in section 1 of
Executive Order 13303 of May 22, 2003, as amended by
Executive Order 13364 of November 29, 2004, are hereby
terminated.

Sec. 2. The Secretary of the Treasury, in consultation
with the Secretary of State, is hereby authorized to
take such actions, including the promulgation of rules
and regulations, and to employ all powers granted to
the President by IEEPA and the UNPA as may be necessary
to carry out the purposes of this order. The Secretary
of the Treasury may redelegate any of these functions
to other officers and agencies of the United States
Government. All agencies of the United States
Government are hereby directed to take all appropriate
measures within their statutory authority to carry out
the provisions of this order.

Sec. 3. This order is not intended to, and does not,
create any right or benefit, substantive or procedural,
enforceable at law or in equity by any party against
the United States, its departments, agencies, or
entities, its officers, employees, or agents, or any
other person.

Sec. 4. This order shall be transmitted to the Congress
and published in the Federal Register.

THE WHITE HOUSE,

May 27, 2014.