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 Title 3--The President respect to the provision of assistance under the Export-Import Bank Act of 1945, as amended (12 U.S.C. 635 et seq.), for Libya; and (b) it is important to the national security interests of the United States that direct loans, credits, insurance, and guarantees of the Export-Im- port Bank or its agents may be made available for or in Libya, notwith- standing section 507 or similar provisions in the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 2005 (Di- vision D of Public Law 108-447), or prior acts making appropriations for foreign operations, export financing, and related programs. 2. I hereby waive, through the date that is 24 months from the date of this memorandum, the prohibition in subsection (a) of section 620A of the Foreign Assistance Act of 1961 with respect to the provision of assistance under the Export-Import Bank Act of 1945, as amended, for Libya. 3. The function of the President under subsection (d) of section 620A of the Foreign Assistance Act of 1961 is assigned to the Secretary of State, ef- fective on the date that is 22 months from the date of this memorandum, with respect to provision of assistance under the Export-Import Bank Act of 1945, as amended, for Libya. You are authorized and directed to transmit this determination to the Con- gress and publish in the Federal Register. GEORGE W. BUSH THE WHITE HOUSE, Washington, Feb\177my 28, 2006. Notice of March 13, 2006 Continuation of the National Emergency With Respect to Iran On March 15, 1995, by Executive Order 12957, the President declared a na- tional emergency with respect to Iran pursuant to the International Emer- gency Economic Powers Act (50 U.S.C. 1701-1706) to deal with the un- usual and extraordinary threat to the national security, foreign policy, and economy of the United States constituted by the actions and policies of the Government of Iran. On May 6, 1995, the President issued Executive Order 12959 imposing more comprehensive sanctions to further respond to this threat, and on August 19, 1997, the President issued Executive Order 13059 consolidating and clarifying the previous orders. Because the actions and policies of the Government of Iran continue to pose an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States, the national emergency declared on March 15, 1995, must continue in effect beyond March 15, 2006. There- fore, 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 re- spect to Iran. Because the emergency declared by Executive Order 12957 constitutes an emergency separate from that declared on November 14, 1979, by Executive Order 12170, this renewal is distinct from the emer- gency renewal of November 2005. 276

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