[Constitution, Jefferson's Manual, and the Rules of the House of Representatives, 118th Congress]
[118th Congress]
[House Document 117-161]
[Legislate Procedures Enacted in Law]
[Pages 1168-1169]
[From the U.S. Government Publishing Office, www.gpo.gov]


[[Page 1168]]

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

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

          (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 inci

[[Page 1169]]
        

        


        dent to the accomplishment or furtherance of these purposes.


                                  * * *

  Sec. 207. * * * (b) The authorities described in subsection (a)(1) may 
not continue to be exercised under this 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. 1130(5)