Blocking Property and Prohibiting Certain Transactions Related to Libya
Headline: Blocks Libyan Government and Associates' Property, Prohibits Transactions
What it does: Agencies must block and prevent transfers of U.S.-located property of designated Libyan individuals, the Libyan government, and related entities.
- Freezes assets of listed Libyan individuals and the Libyan government in the United States.
- Prohibits giving or receiving funds, goods, or services with blocked persons.
- Directs federal agencies to issue rules and enforce blocking measures.
Summary
This order declares a national emergency after Libya's leader and his associates used weapons, mercenaries, and violence against unarmed civilians and posed a risk to Libya's stability and U.S. interests. It blocks all property and interests in property in the United States, or controlled by U.S. persons, of listed individuals, the Libyan government, and the Central Bank of Libya.
The order bans transfers, payments, donations, and other dealings with blocked persons, and prohibits schemes to evade these measures. It also authorizes the Treasury Department, together with the State Department, to make listings, issue rules, and require federal agencies to enforce the blocks.
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