Continuation of National Emergency Regarding Afghanistan

Original title: Continuation of the National Emergency With Respect to the Widespread Humanitarian Crisis in Afghanistan and the Potential for a Deepening Economic Collapse in Afghanistan

Record date · January 15, 2025

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What This Bill Does

President Biden has extended the national emergency concerning the humanitarian crisis and potential economic collapse in Afghanistan for another year. This action maintains the blocking of certain property belonging to Da Afghanistan Bank held in U.S. financial institutions to address ongoing security and foreign policy concerns.

Why it matters

This order maintains legal restrictions on Afghan central bank assets held in the U.S., which impacts ongoing litigation involving victims of terrorism and international humanitarian aid efforts.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Da Afghanistan Bank

The bank's property held in U.S. financial institutions remains blocked from access or transfer.

Directly affected

Victims of terrorism

These individuals have asserted legal claims against the blocked property of Da Afghanistan Bank.

Directly affected

U.S. financial institutions

These institutions must continue to hold and block the specified property of Da Afghanistan Bank.

Key Facts

The national emergency regarding Afghanistan is extended for one year beyond February 11, 2025.
The order continues the blocking of Da Afghanistan Bank property held in U.S. financial institutions.
The action is taken under the International Emergency Economic Powers Act.
The decision is based on the ongoing humanitarian crisis and potential for economic collapse in Afghanistan.

Frequently Asked Questions

Why is the U.S. blocking Afghan bank assets?

The assets are blocked to address the humanitarian crisis and economic instability in Afghanistan, and to manage legal claims made by various parties, including victims of terrorism.

How long does this extension last?

The national emergency is extended for one year.

What else do you want to know?