To the Congress of the United States:
Pursuant to section 204(b) of the International Emergency Economic Powers Act, 50 U.S.C. section 1703(b), and section 201 of the National Emergencies Act, 50 U.S.C. section 1621, I hereby report that I have exercised my statutory authority to declare a national emergency and to issue two Executive orders that:
-- prohibit exports and imports of goods and services between the United States and Iraq and the purchase of Iraqi goods by U.S. persons for sale in third countries;
-- prohibit transactions related to travel to or from Iraq, except for transactions necessary for journalistic travel or prompt departure from Iraq;
-- prohibit transactions related to transportation to or from Iraq, or the use of vessels or aircraft registered in Iraq by U.S. persons;
-- prohibit the performance of any contract in support of Government of Iraq projects;
-- ban all extensions of credit and loans by U.S. persons to the Government of Iraq;
-- block all property of the Government of Iraq now or hereafter located in the United States or in the possession or control of U.S. persons, including their foreign branches; and
-- prohibit all transfers or other transactions involving assets belonging to the Government of Kuwait now or hereafter located in the United States or in the possession or control of U.S. persons, including their foreign branches.
The Secretary of the Treasury is authorized to issue regulations implementing these prohibitions. These two orders were effective 5:00 a.m. e.d.t., August 2, 1990.
I am enclosing a copy of each Executive order that I have issued making these declarations and exercising these authorities.
I have authorized these measures in response to the Iraqi invasion of Kuwait, which clearly constitutes an act of aggression and a flagrant violation of international law. This action is in clear violation of the national sovereignty and independence of Kuwait and the Charter of the United Nations. It threatens the entire structure of peaceful relations among nations in this critical region. It constitutes an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States.
The measures we are taking to block Iraqi assets will have the effect of expressing our outrage at Iraq's actions, and will prevent that government from drawing on monies and properties within U.S. control to support its campaign of military aggression against a neighboring state. Our ban on exports to Iraq will prevent the Iraqi government from profiting from the receipt of U.S. goods and technology. Our ban on imports, while not preventing sales of Iraqi oil to third countries, denies Iraq access to the lucrative U.S. market for its most important product.
At the same time, in order to protect the property of the legitimate Government of Kuwait from possible seizure, diversion, or misuse by Iraq, and with the approval of the Kuwaiti government, we are blocking Kuwaiti assets within the jurisdiction of the United States or in the possession or control of U.S. persons.
We are calling upon our friends and allies, and all members of the world community who share our interest in the peaceful resolution of international disputes, to join us in similar actions against Iraq and for the protection of Kuwait.
The White House,
August 3, 1990.
Note: The Executive orders are listed in Appendix E at the end of this volume.