Export-Import Bank Programs for or in Libya

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Title 3--
The President

Presidential Determination No. 2006-11 of February 28,
2006

Export-Import Bank Programs for or in Libya

Memorandum for the Secretary of State

By the authority vested in me as President by the
Constitution and laws of the United States of America,
including sections 620A and 621 of the Foreign
Assistance Act of 1961, as amended (22 U.S.C. 2371 and
2381), section 113 in Division J of the Consolidated
Appropriations Act, 2005 (Public Law 108-447):

1. I hereby determine that:

(a) national security interests justify a waiver of the prohibition in
subsection (a) of section 620A of the Foreign Assistance Act of 1961 with
respect to the provision of assistance under the Export-Import Bank Act of
1945, as amended (12 U.S.C. 635 et seq.), for Libya; and

(b) it is important to the national security interests of the United States
that direct loans, credits, insurance, and guarantees of the Export-Import
Bank or its agents may be made available for or in Libya, notwithstanding
section 507 or similar provisions in the Foreign Operations, Export
Financing, and Related Programs Appropriations Act, 2005 (Division D of
Public Law 108-447), or prior acts making appropriations for foreign
operations, export financing, and related programs.

2. I hereby waive, through the date that is 24
months from the date of this memorandum, the
prohibition in subsection (a) of section 620A of the
Foreign Assistance Act of 1961 with respect to the
provision of assistance under the Export-Import Bank
Act of 1945, as amended, for Libya.
3. The function of the President under subsection
(d) of section 620A of the Foreign Assistance Act of
1961 is assigned to the Secretary of State, effective
on the date that is 22 months from the date of this
memorandum, with respect to provision of assistance
under the Export-Import Bank Act of 1945, as amended,
for Libya.

You are authorized and directed to transmit this
determination to the Congress and publish in the
Federal Register.

(Presidential Sig.)B

THE WHITE HOUSE,

Washington, February 28, 2006.