Relating to a national emergency declared by the President on May 22, 2003.

House Joint Resolution 71 is a measure that would formally end the national emergency regarding the stabilization of Iraq, which has been renewed annually by every administration since it was first declared in 2003. By terminating this specific emergency declaration, the bill would remove the legal basis for several executive powers and financial protections originally intended to safeguard the Development Fund for Iraq and other Iraqi assets during the post-war reconstruction period. For the average citizen, this change would signify a formal legislative step toward closing a decades-old chapter of U.S. foreign policy and would limit the President's ability to use emergency authorities to bypass certain regulatory processes related to Iraqi property and interests.