Clintons New Year's gift for the Libyan People

                           THE WHITE HOUSE
  
                    Office of the Press Secretary
  _____________________________________________________________
  
  For Immediate Release                          January 10, 1997
  
                  TEXT OF A LETTER FROM THE PRESIDENT
            TO THE SPEAKER OF THE HOUSE OF REPRESENTATIVES
                   AND THE PRESIDENT OF THE SENATE
  
  
                        January 10, 1997
  
  
  Dear Mr. Speaker:   (Dear Mr. President:)
  
  I hereby report to the Congress on the developments since my 
  last report of July 22, 1996, concerning the national emergency 
  with respect to Libya that was declared in Executive Order 12543 
  of January 7, 1986.  This report is submitted pursuant to 
  section 401(c) of the National Emergencies Act, 50 U.S.C. 
  1641(c); section 204(c) of the International Emergency Economic 
  Powers Act (IEEPA), 50 U.S.C. 1703(c); and section 505(c) of the 
  International Security and Development Cooperation Act of 1985, 
  22 U.S.C. 2349aa-9(c).
  
  1.   On January 2, 1997, I renewed for another year the national 
  emergency with respect to Libya pursuant to IEEPA.  This renewal 
  extended the current comprehensive financial and trade embargo 
  against Libya in effect since 1986.  Under these sanctions, 
  all trade with Libya is prohibited, and all assets owned or 
  controlled by the Libyan government in the United States or in 
  the possession or control of U.S. persons are blocked.
  
  2.   There have been two amendments to the Libyan Sanctions 
  Regulations, 31 C.F.R. Part 550 (the "Regulations"), 
  administered by the Office of Foreign Assets Control (OFAC) 
  of the Department of the Treasury, since my last report on 
  July 22, 1996.  The Libyan Sanctions Regulations were amended 
  on August 22, 1996, to add the Antiterrorism and Effective Death 
  Penalty Act of 1996 (Public Law 104-132; 110 Stat. 1214-1319 
  (the "Antiterrorism Act") as an authority for the Regulations.  
  (61 Fed. Reg. 43460, August 23, 1996).  On April 24, 1996, I 
  signed into law the Antiterrorism Act.  Section 321 of the 
  Antiterrorism Act (18 U.S.C. 2332d) makes it a criminal offense 
  for United States persons, except as provided in regulations 
  issued by the Secretary of the Treasury in consultation with the 
  Secretary of State, to engage in financial transactions with the 
  governments of countries designated under section 6(j) of the 
  Export Administration Act (50 U.S.C. App. 2405) as supporting 
  international terrorism.  United States persons who engage in 
  such transactions are subject to criminal fines under title 18, 
  United States Code, imprisonment for up to 10 years, or both.  
  Because the Regulations already prohibited such transactions, 
  with minor exceptions for transactions found to be in the public 
  interest, no substantive change to the prohibitions of the 
  Regulations was necessary.  A copy of the amendment is attached.

  The Regulations were amended on October 21, 1996 (61 Fed. Reg. 
  54936, October 23, 1996), to implement section 4 of the Federal 
  Civil Penalties Inflation Adjustment Act of 1990, as amended by 
  the Debt Collection Improvement Act of 1996, by adjusting for 
  inflation the amount of the civil monetary penalties that may be 
  assessed under the Regulations.  The Regulations, as amended, 
  increase the maximum civil monetary penalty provided by law from 
  $10,000 to $11,000 per violation.  
  
  The amended Regulations also reflect an amendment to 18 U.S.C. 
  1001 contained in section 330016(1)(L) of Public Law 103-322; 
  108 Stat. 2147.  The amendment strikes the $10,000 maximum on 
  fines imposed for fraudulent dealing with Federal agencies.  
  Finally, the amendment notes the availability of higher criminal 
  fines pursuant to the formulas set forth in 18 U.S.C. 3571.  A 
  copy of the amendment is attached.
  
  3.   During the current 6-month period, OFAC reviewed numerous 
  applications for licenses to authorize transactions under the 
  Regulations.  Consistent with OFAC's ongoing scrutiny of banking 
  transactions, the largest category of license approvals (49) 
  concerned requests by non-Libyan persons or entities to unblock 
  transfers interdicted because of what appeared to be Government 
  of Libya interests.  Several previously issued licenses were 
  amended to authorize the provision of legal services to the 
  Government of Libya in connection with actions in U.S. courts 
  in which the Government of Libya was named as defendant.
  
  Minister Louis Farrakhan and the Nation of Islam applied for a 
  license to receive a gift of up to $1 billion from the 
  Government of Libya as well as for Minister Farrakhan to collect 
  $250,000 in prize money that accompanied the Ghadafi Prize for 
  Human Rights awarded to Minister Farrakhan in Tripoli.  The 
  application was denied on Foreign policy grounds.
  
  4.   During the current 6-month period, OFAC continued 
  to emphasize to the international banking community in the 
  United States the importance of identifying and blocking 
  payments made by or on behalf of Libya.  The office worked 
  closely with the banks to assure the effectiveness of 
  interdiction software systems used to identify such payments.  
  During the reporting period, more than 100 transactions 
  potentially involving Libya were interdicted.
  
  5.   Since my last report, OFAC collected 14 civil monetary 
  penalties totaling more than $165,000 for violations of the 
  U.S. sanctions against Libya.  Twelve of the violations involved 
  the failure of banks to block funds transfers to Libyan-owned 
  or -controlled financial institutions.  Two U.S. corporations 
  paid OFAC penalties totaling $105,000 for export violations as 
  part of global plea agreements with the Department of Justice.  
  Sixty-one other cases are in active penalty processing.
  
  On August 7, 1996, a major U.S. exporter entered a guilty plea 
  and was sentenced in the U.S. District Court for the Western 
  District of Kentucky for Libyan sanctions violations.  The 
  company and four co-conspirators were charged with aiding and 
  abetting the exportation and attempted exportation of oil well 
  drilling equipment to Libya through Italy in 1995 and 1996.  The 
  company paid $3 million in criminal fines and aggregate criminal 
  penalties paid by individuals totaled $211,000.  In addition, a 
  major U.S. manufacturer in Milwaukee, Wisconsin agreed to pay 
  $2 million in criminal fines, in addition to the civil penalty 
  noted above, for violation of the Libyan sanctions involving a 
  commercial project in Libya.  Numerous investigations carried 
  over from prior reporting periods are continuing and new reports 
  of violations are being pursued.
  
  6.   The expenses incurred by the Federal Government in the 
  6-month period from July 6, 1996, through January 5, 1997, 
  that are directly attributable to the exercise of powers and 
  authorities conferred by the declaration of the Libyan national 
  emergency are estimated at approximately $670,000.  Personnel 
  costs were largely centered in the Department of the Treasury 
  (particularly in the Office of Foreign Assets Control, the 
  Office of the General Counsel, and the U.S. Customs Service), 
  the Department of State, and the Department of Commerce.
  
  7.   The policies and actions of the Government of Libya 
  continue to pose an unusual and extraordinary threat to the 
  national security and foreign policy of the United States.  
  In adopting UNSCR 883 in November 1993, the Security Council 
  determined that the continued failure of the Government of Libya 
  to demonstrate by concrete actions its renunciation of 
  terrorism, and in particular its continued failure to respond 
  fully and effectively to the requests and decisions of the 
  Security Council in Resolutions 731 and 748, concerning the 
  bombing of the Pan Am 103 and UTA 772 flights, constituted a 
  threat to international peace and security.  The United States 
  will continue to coordinate its comprehensive sanctions 
  enforcement efforts with those of other U.N. member states.  
  We remain determined to ensure that the perpetrators of the 
  terrorist acts against Pan Am 103 and UTA 772 are brought to 
  justice.  The families of the victims in the murderous Lockerbie 
  bombing and others acts of Libyan terrorism deserve nothing 
  less.  I shall continue to exercise the powers at my disposal 
  to apply economic sanctions against Libya fully and effectively, 
  so long as those measures are appropriate, and will continue to 
  report periodically to the Congress on significant developments 
  as required by law.
  
                                Sincerely,
  
  
  
                                WILLIAM J. CLINTON