George H.W. Bush: “Respect to Iran May 30, 1991 Dear Mr. Speaker: (Dear Mr. President:) I hereby report to the Congress on developments…”

“Respect to Iran May 30, 1991 Dear Mr. Speaker: (Dear Mr. President:) I hereby report to the Congress on developments since my last report of November 29, 1990, concerning the national emergency with respect to Iran that was declared in Executive Order No. 12170 of November 14, 1979, and matters relating to Executive Order No. 12613 of October 29, 1987. This report is submitted pursuant to section 204(c) of the International Emergency Economic Powers Act, 50 U.S.C. 1703(c), and section 505(c) of the International Security and Development Cooperation Act of 1985, 22 U.S.C. 2349aa-9(c). This report covers events through March 31, 1991, including those that occurred since my last report dated November 29, 1990. That report covered events through September 30, 1990. 1. Since my last report, both the Iranian Transactions Regulations (``ITRs''), 31 CFR Part 560, and the Iranian Assets Control Regulations (``IACRs''), 31 CFR Part 535, have been amended. Copies of these amendments are attached. The ITRs were amended on March 15, 1991, 56 FR 11100, to permit the issuance of specific licenses authorizing the case- by-case importation of Iranian oil in situations where the import transaction is in resolution of an outstanding claim against Iran before the Iran-United States Claims Tribunal in The Hague or otherwise results in the payment of the full proceeds from the sale of the Iranian oil into the Tribunal's Security Account.…”