International Emergency Economic Powers Act

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The International Emergency Economic Powers Act (IEEPA): Title II of Public Law 95-223 (October 28, 1977) "grants the President authority to regulate a comprehensive range of commercial and financial transactions with another country in order to deal with a threat to the national security, foreign policy, or economy of the United States, if the President declares a national emergency. This has been the basis for economic sanctions since expiration of the Export Administration Act. "[1]

U.S. Code: Title 50. War and National Defense. Chapter 35: International Emergency Economic Powers:

  • Sec. 1701. Unusual and extraordinary threat; declaration of national emergency; exercise of Presidential authorities
  • Sec. 1702. Presidential authorities
  • Sec. 1703. Consultation and reports
  • Sec. 1704. Authority to issue regulations
  • Sec. 1705. Penalties
  • Sec. 1706. Savings provisions
  • Sec. 1707. Multinational economic embargoes against governments in armed conflict with the United States

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