International Emergency Economic Powers Act
(IEEPA) Title II of P.L. 95-223 (October 28, 1977) grants the President authority to regulate a comprehensive range of commercial and financial transactions with another country in order to deal with a threat to the national security, foreign policy, or economy of the United States, if the President declares a national emergency. This has been the basis for economic sanctions since expiration of the Export Administration Act.
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