George H.W. Bush: “Respect to Libya July 7, 1992 Dear Mr. Speaker: (Dear Mr. President:) I hereby report to the Congress on the…”

“Respect to Libya July 7, 1992 Dear Mr. Speaker: (Dear Mr. President:) I hereby report to the Congress on the developments since my last report of January 10, 1992, concerning the national emergency with respect to Libya that was declared in Executive Order No. 12543 of Jan- uary 7, 1986. This report is submitted pursuant to section 401(c) of the National Emergencies Act, 50 U.S.C. 1641(c); section 204(c) of the International Emergency Economic Powers Act (``IEEPA''), 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). 1. Since my last report on January 10, 1992, the Libyan Sanctions Regulations (the ``Regulations''), 31 C.F.R. Part 550, administered by the Office of Foreign Assets Control (``FAC'') of the Department of the Treasury, have been amended. One amendment, published on January 14, 1992, 57 Fed. Reg. 1386, at 1389, amended the provisions of the Regulations relating to licensing and availability of information to reflect the closing of the Federal Reserve Bank of New York's Foreign Assets Control Division. A second amendment, published on March 30, 1992, 57 Fed. Reg. 10798, added the names of 46 companies to Appendix A of the Regulations, which contains a list of organizations determined to be within the definition of the term ``Government of Libya'' (Specially Designated Nationals of Libya). 2.…”