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 ?
On March 6, 2003, by Executive Order 13288, the President declared a national emergency and blocked the property of certain persons, pursuant to the International Emergency Economic Powers Act (50 U.
The indictment charges Zarrab, Jamshidy, 29, and Najafzadeh, 65, with engaging in conspiracies to defraud the United States, to violate the International Emergency Economic Powers Act, to commit bank fraud and to commit money laundering.
Sudan is not mentioned specifically in the bill but since it is designated under the International Emergency Economic Powers Act, it will be impacted.
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.
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.
sanctioned countries of Sudan, Iran and Cuba, the bank pled guilty to an additional charge of violating the International Emergency Economic Powers Act and the Trading with the Enemy Act on July 9.
The bank is expected to plead guilty in federal court on July 9 for conspiring to violate the International Emergency Economic Powers Act and the Trading With the Enemy Act.
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
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.
sanctions have been enacted into law, some have been imposed by executive order (under the International Emergency Economic Powers Act, IEEPA, and other authorities), and others based on administration determinations authorized by law (for example sanctions triggered by Iran's designation as a state sponsor of terrorism).
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