Early Statesman synthesis distilling legal jargon into practical meaning, statutory anchors, and structural constitutional impacts.
This executive order, signed by President George Bush on 1991-06-18, establishes federal administrative policy concerning "European Bank for Reconstruction and Development and European Space Agency." It outlines operative directives for executive department officers, delegating enforcement responsibilities and establishing official governance guidelines.
Constitutional Assessment: This action represents an orderly exercise of Article II administrative discretion, managing the internal machinery and personnel of the executive branch without abridging the ancient liberties of the people.
Key Directives & Operative Actions
▪This designation shall not affect in any way the applicability of Chapter VIII of the Agreement.
▪11269, as amended, is further amended by deleting "and Multilateral Investment Guarantee Agency" and inserting in lieu thereof "Multilateral Investment Guarantee Agency, and European Bank for Reconstruction and Development" in sections 2(c), 3(d), and 7, respectively.
▪Of this order shall be deemed effective as of November 22, 1983.
Exec. Order No. 12766, George Bush (Jun 18, 1991). Available at https://executiveordersarchive.org/orders/app-executive-order-12766-european-bank-for-reconstruction-and-development-and-european-space.
Official Document Text
Source: The American Presidency Project (UCSB Archive)
By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Organizations Immunities Act Reorganization Plan No. 4 of 1965 (5 U.S.C. App.), the European Bank for Reconstruction and Development Act, as incorporated in section 562 of the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1991 (Public Law 101-513, 104 Stat. 1979, 2034) (the "Act"), and Executive Order No. 11760, and in order to facilitate U.S. participation in the European Bank for Reconstruction and Development and the European Space Agency, it is hereby ordered as follows: Section 1. The European Bank for Reconstruction and Development, in which the United States participates pursuant to the Act and the Agreement Establishing the European Bank for Reconstruction and Development (29 International Legal Materials 1077 (1990)) (the "Agreement"), is hereby designated a public international organization entitled to enjoy the privileges, exemptions, and immunities conferred by the International Organizations Immunities Act. This designation is not intended to abridge in any respect the priviliges and immunities which such organization has acquired or may acquire by treaty, international agreement, or congressional action. This designation shall not affect in any way the applicability of Chapter VIII of the Agreement. Sec. 2. Executive Order No. 11269, as amended, is further amended by deleting "and Multilateral Investment Guarantee Agency" and inserting in lieu thereof "Multilateral Investment Guarantee Agency, and European Bank for Reconstruction and Development" in sections 2(c), 3(d), and 7, respectively. Sec. 3. Executive Order No. 11760 of January 11, 1974, is amended by striking out "European Space Research Organization" and inserting in lieu thereof "European Space Agency." Substituting the European Space Agency for the European Space Research Organization is not intended to abridge in any respect privileges, exemptions, or immunities that the European Space Agency may have acquired or may acquire by treaty, international agreement, or congressional action. Sec. 4. Section 3 of this order shall be deemed effective as of November 22, 1983. George Bush The White House, June 18, 1991.