Order Text:
Executive Order 12170--Blocking Iranian Government property
Source: The provisions of Executive Order 12170 of Nov. 14, 1979, appear at 44 FR 65729, 3 CFR, 1979 Comp., p. 457, unless otherwise noted.
Cross reference: See also Executive
Order 12205of Apr. 7, 1980, and Executive
Order 12211of Apr. 17, 1980, Chapter 15, for prohibitions on transactions
with Iran, and Executive
Order 12282of Jan. 19, 1981, Chapter 15, which revokes those prohibitions.
Pursuant to the authority vested in me as President by the Constitution and laws of the United States including the International Emergency Economic Powers Act, 50 U.S.C.A. sec. 1701 et seq., the National Emergencies Act, 50 U.S.C. sec. 1601 et seq., and 3 U.S.C. sec. 301.
I, JIMMY CARTER, President of the United States, find that the situation in Iran constitutes an unusual and extraordinary threat to the national security, foreign policy and economy of the United States and hereby declare a national emergency to deal with that threat.
I hereby order blocked all property and interests in property of the Government of Iran, its instrumentalities and controlled entities and the Central Bank of Iran which are or become subject to the jurisdiction of the United States or which are in or come within the possession or control of persons subject to the jurisdiction of 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.
Editorial note: Notices of the continuation of the national emergency declared by Executive Order 12170 were transmitted by the President to the Congress and the Office of the Federal Register on Nov. 12, 1980 (45 FR 75159, 3 CFR, 1980 Comp., p. 340), Nov. 12, 1981 (46 FR 55915, 3 CFR, 1981 Comp., p. 233), Nov. 8, 1982 (47 FR 50841, 3 CFR, 1982 Comp., p. 253), Nov. 4, 1983 (48 FR 51277, 3 CFR, 1983 Comp., p. 240), Nov. 7, 1984 (49 FR 44741, 3 CFR, 1984 Comp., p. 252), Nov. 1, 1985 (50 FR 45901, 3 CFR, 1985 Comp., p. 425), Nov. 10, 1986 (51 FR 41067, 3 CFR, 1986 Comp., p. 276), Nov. 10, 1987 (52 FR 43549, 3 CFR, 1987 Comp., p. 314), Nov. 8, 1988 (53 FR 45750, 3 CFR, 1988 Comp., p. 650)
