[Constitution, Jefferson's Manual, and the Rules of the House of Representatives, 114th Congress]
[114th Congress]
[House Document 113-181]
[Legislate Procedures Enacted in Law]
[Pages 1142-1144]
[From the U.S. Government Publishing Office, www.gpo.gov]


 

  4. International Emergency Economic Powers Act [50 U.S.C. 1702, 1706]


[[Page 1143]]

as he may prescribe, by means of instructions, licenses, or otherwise--
  Sec. 203. (a)(1) At the times and to the extent specified in section 
202, the President may, under such regulations

          (A) investigate, regulate, or prohibit--

                  (i) any transactions in foreign exchange,

                  (ii) transfers of credit or payments between, by, 

                through, or to any banking institution, to the extent 

                that such transfers or payments involve any interest of 

                any foreign country or a national thereof,

                  (iii) the importing or exporting of currency or 

                securities,

        by any person, or with respect to any property, subject to the 

        jurisdiction of the United States;

          (B) investigate, block during the pendency of an 

        investigation, regulate, direct and compel, nullify, void, 

        prevent or prohibit, any acquisition, holding, withholding, use, 

        transfer, withdrawal, transportation, importation or exportation 

        of, or dealing in, or exercising any right, power, or privilege 

        with respect to, or transactions involving, any property in 

        which any foreign country or a national thereof has any interest 

        by any person, or with respect to any property, subject to the 

        jurisdiction of the United States; and

          (C) when the United States is engaged in armed hostilities or 

        has been attacked by a foreign country or foreign nationals, 

        confiscate any property, subject to the jurisdiction of the 

        United States, of any foreign person, foreign organization, or 

        foreign country that he determines has planned, authorized, 

        aided, or engaged in such hostilities or attacks against the 

        United States; and all right, title, and interest in any 

        property so confiscated shall vest, when, as, and upon the terms 

        directed by the President, in such agency or person as the 

        President may designate from time to time, and upon such terms 

        and conditions as the President may prescribe, such interest or 

        property shall be held, used, administered, liquidated, sold, or 

        otherwise dealt with in the interest of and for the benefit of 

        the United States, and such designated agency or person may 

        perform any and all acts incident to the accomplishment or 


        furtherance of these purposes.


                                  * * *


[[Page 1144]]

section if the national emergency is terminated by the Congress by 
concurrent resolution pursuant to section 202 of the National 
Emergencies Act [50 U.S.C. 1622] and if the Congress specifies in such 
concurrent resolution that such authorities may not continue to be 
exercised under this section.


  Sec. 207. * * * (b) The authorities described in subsection (a)(1) may 
not continue to be exercised under this