International Emergency Economic Powers Act


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International Emergency Economic Powers Act

Legislation in the United States, passed in 1977, that allows the president to declare a national emergency in the event of a foreign threat to the U.S. After such a declaration, the president may embargo the country from which the threat originates, and may also freeze assets or conduct other activities to deal with the situation. The emergency declaration must be renewed every year to remain in effect, and Congress has the ability to rescind it.
References in periodicals archive ?
Elsewhere, in documents Fox News said it had seen, Szubin maintained that a different passage of ITRA, Section 601, contains explicit reference to an earlier law--the International Emergency Economic Powers Act, or IEEPA, on the books since 1977--and states that the president "may exercise all authorities" embedded in IEEPA, which includes licensing authority for the president.
1189), the International Emergency Economic Powers Act (50 U.
7 million as part of a plea deal "for conspiring to violate the International Emergency Economic Powers Act (IEEPA) by willfully facilitating illegal transactions and engaging in trade with Iran and Sudan," the Department of Justice (DoJ) said.
These trade sanctions laws include the Arms Export Control Act, the Foreign Corrupt Practices Act, and the International Emergency Economic Powers Act, as well as their implementing regulations.
based financial institutions to conduct business in violation of the International Emergency Economic Powers Act (IEEPA) and the Weapons of Mass Destruction Proliferators Sanctions Regulations, which prohibit such financial transactions," the State
He was convicted and sentenced to eight years in prison followed by three years of supervised release for conspiring to illegally provide satellite related services to Iran in violation of the International Emergency Economic Powers Act, two counts of violating the Iran Trade Embargo, money laundering and obstruction of bankruptcy proceedings.
According to The Independent, a US official said that the Treasury Department is investigating whether Rodman violated US sanctions under the International Emergency Economic Powers Act signed by President Barack Obama in 2010, which makes it illegal for US citizens to 'import, export, or re-export' luxury goods to or into North Korea.
According to the report, the accused in the case have been charged with violating the International Emergency Economic Powers Act and the Arms Export Control Act, and money laundering.
In a new Executive Order, Obama prohibited "the importation into the United States, directly or indirectly, of any goods, services or technology from North Korea," calling on Treasury Secretary Timothy Geithner to "take such actions, including the promulgation of rules and regulations, and to employ all powers granted to the president by the International Emergency Economic Powers Act and the United Nations Participation Act of 1945 as may be necessary to carry out the purposes of this order.
The bank was accused of breaking the "Trading with the Enemy Act" and the International Emergency Economic Powers Act of 1977.
Section 106, entitled Presidential Authority, amends section 203 of the International Emergency Economic Powers Act ("IEEPA").
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