Dr. Alexander Aghayan & Associates, Inc.
THE WHITE HOUSE
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 (50 U.S.C. 1701 et seq.) ("IEEPA"), the National Emergencies Act (50 U.S.C. 1601 et seq.), section 505 of the International Security and Development Cooperation Act of 1985 (22 U.S.C. 2349aa-9) ("ISDCA"), and section 301 of title 3, United States Code, I, WILLIAM J. CLINTON, President of the United States of America, in order to clarify the steps taken in Executive Orders 12957 of March 15, 1995, and 12959 of May 6, 1995, to deal with the unusual and extraordinary threat to the national security, foreign policy, and economy of the United States declared in Executive Order 12957 in response to the actions and policies of the Government of Iran, hereby order:
Section 1. Except to the extent provided in section 3 of this order or in regulations, orders, directives, or licenses issued pursuant to this order, and notwithstanding any contract entered into or any license or permit granted prior to the effective date of this order, the importation into the United States of any goods or services of Iranian origin or owned or controlled by the Government of Iran, other than information or informational materials within the meaning of section 203(b)(3) of IEEPA (50 U.S.C. 1702(b)(3)), is hereby prohibited.
Sec. 2. Except to the extent provided in section 3 of this order, in section 203(b) of IEEPA (50 U.S.C. 1702(b)), or in regulations, orders, directives, or licenses issued pursuant to this order, and notwithstanding any contract entered into or any license or permit granted prior to the effective date of this order, the following are prohibited:
Sec. 4. For the purposes of this order:
(a) the term "person" means an individual or entity; (b) the term
"entity" means a partnership, association, trust, joint venture, corporation, or
other organization; (c) the term "United States person" means any United States
citizen, permanent resident alien, entity organized under the laws of the United States
(including foreign branches), or any person in the United States; (d) the term
"Iran" means the territory of Iran and any other territory or marine area,
including the exclusive economic zone and continental shelf, over which the Government of
Iran claims sovereignty, sovereign rights, or jurisdiction, provided that the Government
of Iran exercises partial or total de facto control over the area or derives a benefit
from economic activity in the area pursuant to international arrangements; (e) the term
"Government of Iran" includes the Government of Iran, any political subdivision,
agency, or instrumentality thereof, and any person owned or controlled by, or acting for
or on behalf of, the Government of Iran; (f) the term "new investment" means:
(i) a commitment or contribution of funds or other assets; or (ii) a loan or other
extension of credit, made after the effective date of Executive Order 12957 as to
transactions prohibited by that order, or otherwise made after the effective date of
Executive Order 12959.
Sec. 5. The Secretary of the Treasury, in consultation with the Secretary of State and,
as appropriate, other agencies, is hereby authorized to take such actions, including the
pro-mulga-tion of rules and regulations, the requirement of reports, including reports by
United States persons on oil and related transactions engaged in by their foreign
affiliates with Iran or the Government of Iran, and to employ all powers granted to me by
IEEPA and the ISDCA 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 authority to carry out the
provisions of this order.
Sec. 6. (a) The Secretary of the Treasury may authorize the exportation or
reexportation to Iran or the Government of Iran of any goods, technology, or services also
subject to export license application requirements of another agency of the United States
Government only if authorization by that agency of the exportation or reexportation to
Iran would be permitted by law. (b) Nothing contained in this order shall be construed to
supersede the requirements established under any other provision of law or to relieve a
person from any requirement to obtain a license or other authorization from another
department or agency of the United States Government in compliance with applicable laws
and regulations subject to the jurisdiction of that department or agency.
Sec. 7. The provisions of this order consolidate the provisions of Executive Orders
12613, 12957, and 12959. Executive Order 12613 and subsections (a), (b), (c), (d), and (f)
of section 1 of Executive Order 12959 are hereby revoked with respect to transactions
occurring after the effective date of this order. The revocation of those provisions shall
not alter their applicability to any trans-action or violation occurring before the
effective date of this order, nor shall it affect the applicability of any rule,
regulation, order, license, or other form of administrative action previously taken
pursuant to Executive Orders 12613 or 12959.
Sec. 8. Nothing contained in this order shall create any right or benefit, substantive
or procedural, enforceable by any party against the United States, its agencies or
instrumentalities, its officers or employees, or any other person.
Sec. 9. The measures taken pursuant to this order are in response to actions of the
Government of Iran occurring after the conclusion of the 1981 Algiers Accords, and are
intended solely as a response to those later actions.
Sec. 10. (a) This order is effective at 12:01 a.m. eastern daylight time on August 20, 1997. (b) This order shall be transmitted to the Congress and published in the Federal Register.
WILLIAM J. CLINTON
THE WHITE HOUSE
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