Title 50 — War and National Defense
Chapter 35 — International Emergency Economic Powers
§ 1707. Multinational economic embargoes against governments in armed conflict with the United States
Statutory text
Policy on the establishment of embargoes
It is the policy of the United States, that upon the use of the Armed Forces of the United States to engage in hostilities against any foreign country, the President shall, as appropriate—
seek the establishment of a multinational economic embargo against such country; and
seek the seizure of its foreign financial assets.
Reports to Congress
Not later than 20 days after the first day of the engagement of the United States in hostilities described in subsection (a), the President shall, if the armed conflict has continued for 14 days, submit to Congress a report setting forth—
the specific steps the United States has taken and will continue to take to establish a multinational economic embargo and to initiate financial asset seizure pursuant to subsection (a); and
any foreign sources of trade or revenue that directly or indirectly support the ability of the adversarial government to sustain a military conflict against the United States.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 106–65 div. A title XII § 1231 · 113 Stat. 512
Enacted · 50 U.S.C. § 1707
(Pub. L. 106–65, div. A, title XII, § 1231, Oct. 5, 1999, 113 Stat. 788.)
Source evidence
Code source credit
(Pub. L. 106–65, div. A, title XII, § 1231, Oct. 5, 1999, 113 Stat. 788.)Enacted provision · exact public law section
SEC. 1231. MULTINATIONAL ECONOMIC EMBARGOES AGAINST GOVERNMENTS IN ARMED CONFLICT WITH THE UNITED STATES. (a) Policy on The Establishment of Embargoes.— It is the policy of the United States, that upon the use of the Armed Forces of the United States to engage in hostilities against any foreign country, the President shall, as appropriate— (1) seek the establishment of a multinational economic embargo against such country; and (2) seek the seizure of its foreign financial assets. (b) Reports to Congress.— Not later than 20 days after the first day of the engagement of the United States in hostilities described in subsection (a), the President shall, if the armed conflict has continued for 14 days, submit to Congress a report setting forth— (1) the specific steps the United States has taken and will continue to take to establish a multinational economic embargo and to initiate financial asset seizure pursuant to subsection (a); and (2) any foreign sources of trade or revenue that directly or indirectly support the ability of the adversarial government to sustain a military conflict against the United States.
1 of 1 references resolved to an enrolled provision
Editorial Notes
Codification
Section was enacted as part of the National Defense Authorization Act for Fiscal Year 2000, and not as part of the International Emergency Economic Powers Act which comprises this chapter.
Credits
(Pub. L. 106–65, div. A, title XII, § 1231, , 113 Stat. 788.)