1. Home
  2. Knowledge Base
  3. Dictionary of International Trade
  4. International Emergency Economic Powers Act (IEEPA)

International Emergency Economic Powers Act (IEEPA)

(U.S. law) The IEEPA was enacted in 1977 to extend emergency powers previously granted to the president by the Trading with the Enemy Act of 1917 (which still authorized the president to exercise extraordinary powers when the United States is at war). IEEPA enables the president, after declaring that a national emergency exists because of a threat from a source outside the United States, to investigate, regulate, compel or prohibit virtually any economic transaction involving property in which a foreign country or national has an interest.

Was this article helpful?

Related Articles

Need Support?

Can't find the answer you're looking for?
Contact Support