The International Emergency Economic Powers Act (IEEPA) is a United States federal law enacted in 1977 that authorizes the President to regulate international commerce after declaring a national emergency in response to an unusual and extraordinary threat to the national security, foreign policy, or economy of the United States that originates, in whole or substantial part, outside the United States.
Under the IEEPA, the President is empowered to take a wide range of actions, including:
Sanctions & Freezing Assets: The executive branch can block, seize, or freeze the assets of foreign governments, individuals, or organizations.
Financial Restrictions: The President can regulate, block, or prohibit banking operations and investment flows.
Trade Controls: The law allows the restriction of specific imports, exports, and commercial transactions.
