Rule2024-08144
Zimbabwe Sanctions Regulations
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
April 17, 2024
Effective
April 17, 2024
Issuing agencies
Treasury DepartmentForeign Assets Control Office
Abstract
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is removing from the Code of Federal Regulations the Zimbabwe Sanctions Regulations as a result of the termination of the national emergency on which the regulations were based.
Full Text
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<title>Federal Register, Volume 89 Issue 75 (Wednesday, April 17, 2024)</title>
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[Federal Register Volume 89, Number 75 (Wednesday, April 17, 2024)]
[Rules and Regulations]
[Page 27386]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-08144]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 541
Zimbabwe Sanctions Regulations
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Final rule.
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SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is removing from the Code of Federal Regulations the
Zimbabwe Sanctions Regulations as a result of the termination of the
national emergency on which the regulations were based.
DATES: This rule is effective April 17, 2024.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs,
202-622-4855; or Assistant Director for Compliance, 202-622-2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are
available on OFAC's website: <a href="http://www.treasury.gov/ofac">www.treasury.gov/ofac</a>.
Background
On March 6, 2003, the President, invoking the authority of, inter
alia, the International Emergency Economic Powers Act (50 U.S.C. 1701-
1706) (IEEPA), issued Executive Order (E.O.) 13288, ``Blocking Property
of Persons Undermining Democratic Processes or Institutions in
Zimbabwe'' (68 FR 11457, March 10, 2003). In E.O. 13288, the President
determined that the actions and policies of certain members of the
Government of Zimbabwe and other persons to undermine Zimbabwe's
democratic processes or institutions, contributing to the deliberate
breakdown in the rule of law in Zimbabwe, to politically motivated
violence and intimidation in that country, and to political and
economic instability in the southern African region, constituted an
unusual and extraordinary threat to the foreign policy of the United
States, and declared a national emergency to deal with that threat. In
E.O. 13391, ``Blocking Property of Additional Persons Undermining
Democratic Processes or Institutions in Zimbabwe'' (70 FR 71201,
November 25, 2005), the President took additional steps with respect to
the continued actions and policies of certain persons who undermine
Zimbabwe's democratic processes and with respect to the national
emergency described and declared in E.O. 13288. The President
additionally expanded the scope of the national emergency with respect
to Zimbabwe in E.O. 13469, ``Blocking Property of Additional Persons
Undermining Democratic Processes or Institutions in Zimbabwe'' (73 FR
43841, July 29, 2008).
On July 29, 2004, OFAC issued the Zimbabwe Sanctions Regulations,
31 CFR part 541 (69 FR 45246, July 29, 2004) (the ``Regulations''), as
an interim final rule to implement E.O. 13288. The Regulations were
issued in abbreviated form for the purpose of providing immediate
guidance to the public. On July 10, 2014, the Regulations were adopted
as a final rule, with changes to implement the two later Executive
orders and update the Regulations (79 FR 39312, July 10, 2014).
Subsequently, the Regulations were amended multiple times, most
recently on January 12, 2024 (89 FR 2142, January 12, 2024).
On March 4, 2024, the President issued E.O. 14118, ``Termination of
Emergency with Respect to the Situation in Zimbabwe'' (89 FR 15945,
March 5, 2024). In E.O. 14118, the President found that the national
emergency declared in E.O. 13288, as relied upon for additional steps
taken in E.O. 13391, and as expanded by E.O. 13469, should no longer be
in effect. Accordingly, the President terminated the national emergency
declared in E.O. 13288 and revoked that order, E.O. 13391, and E.O.
13469.
As a result, OFAC is removing the Regulations from the Code of
Federal Regulations. Pursuant to section 202(a) of the National
Emergencies Act (50 U.S.C. 1622(a)) and section 1 of E.O. 14118,
termination of the national emergency declared in E.O. 13288, as
modified by E.O. 13391 and E.O. 13469, shall not affect any action
taken or proceeding pending not finally concluded or determined as of
March 4, 2024 (the date of E.O. 14118), any action or proceeding based
on any act committed prior to the date of E.O. 14118, or any rights or
duties that matured or penalties that were incurred prior to the date
of E.O. 14118.
Public Participation
Because the Regulations involve a foreign affairs function, the
provisions of E.O. 12866 of September 30, 1993, ``Regulatory Planning
and Review'' (58 FR 51735, October 4, 1993), and the Administrative
Procedure Act (5 U.S.C. 553) requiring notice of proposed rulemaking,
opportunity for public participation, and delay in effective date are
inapplicable. Because no notice of proposed rulemaking is required for
this rule, the Regulatory Flexibility Act (5 U.S.C. 601-612) does not
apply.
Paperwork Reduction Act
The Paperwork Reduction Act does not apply because this rule does
not impose information collection requirements that would require the
approval of the Office of Management and Budget under 44 U.S.C. 3501 et
seq.
List of Subjects in 31 CFR Part 541
Administrative practice and procedure, Banks, banking, Blocking of
assets, Brokers, Credit, Foreign trade, Penalties, Reporting and
recordkeeping requirements, Sanctions, Securities, Services, Zimbabwe.
PART 541--[REMOVED]
0
For the reasons set forth in the preamble, and pursuant to 50 U.S.C.
1601-1651 and E.O. 14118 (89 FR 15945, March 5, 2024), OFAC amends 31
CFR chapter V by removing part 541.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-08144 Filed 4-16-24; 8:45 am]
BILLING CODE P
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</html>Indexed from Federal Register on April 17, 2024.
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