Bush Acquires New Asset Seizure Authority

In a little-noticed executive order issued on Tuesday, President Bush directed the Treasury Department to block the U.S.-based financial assets of anyone deemed to have threatened "the peace or stability of Iraq or the Government of Iraq" or who "undermin(e) efforts to promote economic reconstruction and political reform in Iraq."

The order empowers Treasury, in consultation with the State and Defense Departments, to target those individuals or organizations that either "have committed, or ... pose a significant risk of committing" acts of violence with the "purpose or effect" of harming the Iraqi government or hindering reconstruction efforts. It applies to "U.S. persons," a category including American citizens. It had not previously been disclosed -- and still hasn't -- that U.S. persons are abetting the Iraqi insurgency, nor that Iraqi insurgents have property in the United States, raising questions about who in fact the order targets.