EXECUTIVE ORDER NO. 12723

      Ex. Ord. No. 12723, Aug. 2, 1990, 55 F.R. 31805, which directed
    Secretary of the Treasury to block all property and interests in
    Kuwaiti Government property that are in the United States or within
    possession or control of United States persons, was revoked by Ex.
    Ord. No. 12771, July 25, 1991, 56 F.R. 35993, set out below.

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Executive Order 12723
DATE: 08-02-90

3 -- The President

                   Blocking Kuwaiti Government Property

By the authority vested in me as President by the Constitution and laws of
the United States of America, including the International Emergency
Economic Powers Act (50 U.S.C. 1701 et seq.), the National Emergencies Act
(50 U.S.C. 1601 et seq.), and 3 U.S.C. 301.

I, GEORGE BUSH, President of the United States, find that the situation
caused by the invasion of Kuwait by Iraq constitutes an unusual and
extraordinary threat to the national security, foreign policy and economy
of the United States and have declared a national emergency to deal with
that threat.

I hereby order blocked all property and interests in property of the
Government of Kuwait or any entity purporting to be the Government of
Kuwait, its agencies, instrumentalities and controlled entities and the
Central Bank of Kuwait that are in the United States, that hereafter come
within the United States or that are or hereafter come within the
possession or control of United States persons, including their overseas
branches.

For purposes of this Order, the term ``United States person'' means any
United States citizen, permanent resident alien, juridical person
organized under the laws of the United States or any person in the United
States.

The Secretary of the Treasury is authorized to employ all powers granted
to me by the International Emergency Economic Powers Act to carry out the
provisions of this Order.

This Order is effective immediately and shall be transmitted to the
Congress and published in the Federal Register.

GEORGE BUSH

THE WHITE HOUSE,

August 2, 1990.

Editorial note: For statements by Press Secretary Popadiuk on the Iraqi
invasion of Kuwait, see the Weekly Compilation of Presidential Documents
(vol. 26, p. 1182). For the President's memorandum on the withholding of
assistance to Iraq, see the Weekly Compilation of Presidential Documents
(vol. 26, p. 1189). For the President's message to the Congress, dated
Aug. 3, 1990, on the declaration of a national emergency with respect to
Iraq, see the Weekly Compilation of Presidential Documents (vol. 26, p.
1195). For the President's address to the nation, dated Aug. 8, 1990, on
the deployment of U.S. armed forces to Saudi Arabia, see the Weekly
Compilation of Presidential Documents (vol. 26, p. 1216). For the
Department of the Treasury (Office of Foreign Assets Control) regulations
on the control of Kuwaiti assets, see 55 FR 49856.