Continuation of the National Emergency with Respect to Narcotics Traffickers
October 16, 2002
On October 21, 1995, by Executive Order 12978, the President declared a national
emergency pursuant to the International Emergency Economic Powers Act (50 U.S.C.
1701-1706) to deal with the unusual and extraordinary threat to the national
security, foreign policy, and economy of the United States constituted by the
actions of significant narcotics traffickers centered in Colombia, and the unparalleled
violence, corruption, and harm such actions cause in the United States and abroad.
The order blocks all property and interests in property that are in the United
States or within the possession or control of United States persons or foreign
persons listed in an annex to the order, as well as of foreign persons determined
to play a significant role in international narcotics trafficking centered in
Colombia. The order similarly blocks all property and interests in property
of foreign persons determined to materially assist in, or provide financial
or technological support for or goods or services in support of, the narcotics
trafficking activities of persons designated in or pursuant to the order, or
persons determined to be owned or controlled by, or to act for or on behalf
of, persons designated in or pursuant to the order. The order also prohibits
any transaction or dealing by United States persons or within the United States
in such property or interests in property.
Because the actions of significant narcotics traffickers centered in Colombia
continue to threaten the national security, foreign policy, and economy of the
United States and to cause unparalleled violence, corruption, and harm in the
United States and abroad, the national emergency declared on October 21, 1995,
and the measures adopted pursuant thereto to deal with that emergency, must
continue in effect beyond October 21, 2002. Therefore, in accordance with section
202(d) of the National Emergencies Act (50 U.S.C. 1622(d)), I am continuing
for 1 year the national emergency with respect to significant narcotics traffickers
centered in Colombia. This notice shall be published in the Federal Register
and transmitted to the Congress.