The White House
President George W. Bush
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For Immediate Release
Office of the Press Secretary
December 10, 2004

Memorandum for the Secretary of Treasury
Presidential Determination
No. 2005-12

SUBJECT: Presidential Determination to Waive the Application of Section 901(j) of the Internal Revenue Code with Respect to Libya

By virtue of the authority vested in me by the Constitution and the laws of the United States, including section 901(j)(5) of the Internal Revenue Code (the "Code"), I hereby waive the application of section 901(j)(1) of the Code with respect to Libya.

I hereby authorize and direct you to arrange for publication of this determination in the Federal Register.


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