    [Constitution, Jefferson's Manual, and the Rules of the House of Representatives, 119th Congress]
    [119th Congress]
    [House Document 118-187]
    [Legislate Procedures Enacted in Law]
    [Pages 1174-1175]
    [From the U.S. Government Publishing Office, www.gpo.gov]

      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

    [[Page 1175]]

            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.

                                      * * *

      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)