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Executive Order 12959 of May 6, 1995
Prohibiting Certain Transactions With Respect to Iran
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.), section 505 of the International Security and Development Cooperation Act of 1985 (22 U.S.C. 2349aa-9) (ISDCA), and section 301 of title 3, United States Code,
I, William J. Clinton, President of the United States of America, in order to take steps with respect to Iran in addition to those set forth in Executive Order No. 12957 of March 15, 1995, to deal with the unusual and extraordinary threat to the national security, foreign policy, and economy of the United States referred to in that order, hereby...
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EO 12957 is the third of six EOs that inform the prohibitions and scope of the ITSR. This EO builds on the import (EO 12613) and petroleum-related transaction prohibitions (EO 12957) of earlier EOs. Sec. 5 of this EO provides that "Sections 1 and 2 of Executive Order No. 12613 of October 29, 1987, and sections 1 and 2 of Executive Order No. 12957 of March 15, 1995, are hereby revoked to the extent inconsistent with this order. Otherwise, the provisions of this order supplement the provisions of Executive Orders No. 12613 and 12957." OFAC still cites those EOs as authority for the ITSR, so it is not clear if OFAC considers there to be any actual inconsistency.
The prohibitions of this EO were subsequently...