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Executive Order 13059 of August 19, 1997
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 clarify the steps taken in Executive Orders 12957 of March 15, 1995, and 12959 of May 6, 1995, to deal with the unusual and extraordinary threat to the national security, foreign policy, and economy of the United States declared in Executive Order 12957 in response to the...
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EO 13059 is the fourth of six EOs [1] 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, and reformulates and adds to the scope of prohibitions introduced by EO 12959.[2]
The particular wording of this EO is responsible for some of the primary ways in which the ITSR prohibitions are quirky relative to other broad IEEPA-based embargoes, such as the now-revoked Sudan embargo, the North Korea embargo, the Syria (partial) embargo and the Crimea embargo.
For example, the provision of the ITSR (560.206) prohibiting "any transaction or dealing in or related to...Goods or...