Government of Libya and Revocation of Related Executive

                Orders

                By the authority vested in me as President by the 
                Constitution and the laws of the United States of 
                America, including the International Emergency Economic 
                Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the 
                National Emergencies Act (50 U.S.C. 1601 et seq.) 
                (NEA), section 5 of the United Nations Participation 
                Act, as amended (22 U.S.C. 287c) (UNPA), sections 504 
                and 505 of the International Security and Development 
                Cooperation Act (22 U.S.C. 2349aa-8 and 2349aa-9), 
                section 40106 of title 49, United States Code, and 
                section 301 of title 3, United States Code,

                I, GEORGE W. BUSH, President of the United States of 
                America, find that the situation that gave rise to the 
                declaration of a national emergency in Executive Order 
                12543 of January 7, 1986, with respect to the policies 
                and actions of the Government of Libya, and that led to 
                the steps taken in that order and in Executive Order 
                12544 of January 8, 1986, and Executive Order 12801 of 
                April 15, 1992, has been significantly altered by 
                Libya's commitments and actions to eliminate its 
                weapons of mass destruction programs and its Missile 
                Technology Control Regime (MTCR) -class missiles, and 
                by other developments. Accordingly, I hereby terminate 
                the national emergency declared in Executive Order 
                12543, and revoke that Executive Order, Executive Order 
                12544, and Executive Order 12801. I also hereby revoke 
                Executive Order 12538 of November 15, 1985, and further 
                order:

                Section 1. Pursuant to section 202(a) of the NEA (50 
                U.S.C. 1622(a)), termination of the national emergency 
                declared in Executive Order 12543 with respect to the 
                policies and actions of the Government of Libya shall 
                not affect any action taken or proceeding pending not 
                finally concluded or determined as of the effective 
                date of this order, any action or proceeding based on 
                any act committed prior to such date, or any rights or 
                duties that matured or penalties that were incurred 
                prior to such date.

                Sec. 2. This order is not intended to, and does not, 
                create any right or benefit, substantive or procedural, 
                enforceable at law or in equity by any party against 
                the United States, its departments, agencies, 
                instrumentalities, or entities, its officers or 
                employees, or any other person.

                Sec. 3. (a) This order is effective at 12:01 a.m. 
                eastern daylight time on September 21, 2004.

[[Page 56666]]

                    (b) This order shall be transmitted to the Congress 
                and published in the Federal Register.

                    (Presidential Sig.)B

                THE WHITE HOUSE,

                    September 20, 2004.