Memorandum on Extension of the Exercise of Certain Authorities Under the Trading With the Enemy Act

Presidential Determination No. 89-25

Memorandum for the Secretary of State, the Secretary of the Treasury

Under Section 101(b) of Public Law 95-223 (91 Stat. 1625; 50 U.S.C. App. 5(b) note), and a determination made by former President Reagan on September 8, 1988 (53 FR 35289), the exercise of certain authorities under the Trading With the Enemy Act is scheduled to terminate on September 14, 1989.

I hereby determine that the extension for one year of the exercise of those authorities with respect to the applicable countries is in the national interest of the United States.

Therfore, pursuant to the authority vested in me by Section 101(b) of Public Law 95-223, I extend for one year, until September 14, 1990, the exercise of those authorities with respect to countries affected by:

(1) the Foreign Assets Control Regulations, 31 CFR Part 500;

(2) the Transaction Control Regulations, 31 CFR Part 505;

(3) the Cuban Assets Control Regulations, 31 CFR Part 515; and

(4) the Foreign Funds Control Regulations, 31 CFR Part 520.

The Secretary of the Treasury is directed to publish this Determination in the Federal Register.

GEORGE BUSH

THE WHITE HOUSE,

Washington, August 28, 1989.