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

Presidential Determinations No. 2012-14

Memorandum for the Secretary of State [and] the Secretary of the Treasury

Subject: Continuation of the Exercise of Certain Authorities Under the Trading With the Enemy Act

Under section 101(b) of Public Law 95-223 (91 Stat. 1625; 50 U.S.C. App. 5(b) note), and a previous determination on September 13, 2011 (76 FR 57623, September 15, 2011), the exercise of certain authorities under the Trading With the Enemy Act is scheduled to terminate on September 14, 2012.

I hereby determine that the continuation for 1 year of the exercise of those authorities with respect to Cuba is in the national interest of the United States.

Therefore, consistent with the authority vested in me by section 101(b) of Public Law 95-223, I continue for 1 year, until September 14, 2013, the exercise of those authorities with respect to Cuba, as implemented by the Cuban Assets Control Regulations, 31 C.F.R. Part 515.

The Secretary of the Treasury is authorized and directed to publish this determination in the Federal Register.

BARACK OBAMA