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12 U.S.C. § 4407 — National emergencies
Federal law — U.S. Code and appendices · legal_authorities
The provisions of this chapter may not be construed to limit the authority of the President under the Trading With the Enemy Act (50 U.S.C. App. 1 et seq.) [now [50 U.S.C. 4301](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4301&num=0&edition=prelim) et seq.] or the International Emergency Economic Powers Act ([50 U.S.C. 1701](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1701&num=0&edition=prelim) et seq.).
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Source location: Title 12, Chapter 45, § 4407; chapter-045-payment-system-risk-reduction.md
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The provisions of this chapter may not be construed to limit the authority of the President under the Trading With the Enemy Act (50 U.S.C. App. 1 et seq.) [now [50 U.S.C. 4301](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4301&num=0&edition=prelim) et seq.] or the International Emergency Economic Powers Act ([50 U.S.C. 1701](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1701&num=0&edition=prelim) et seq.).
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** Any authority granted to the President by [section 1702 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1702&num=0&edition=prelim) may be exercised to deal with any unusual and extraordinary threat, which has its source in whole or substantial part outside the United States, to the national security, foreign policy, or economy of the United States, if the President declares a national emergency with respect to such threat.
**(b)** The authorities granted to the President by [section 1702 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1702&num=0&edition=prelim) may only be exercised to deal with an unusual and extraordinary threat with respect to which a national emergency has been declared for purposes of this chapter and may not be exercised for any other purpose. Any exercise of such authorities to deal with any new threat shall be based on a new declaration of national emergency which must be with respect to such threat.
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Federal law — U.S. Code and appendices · legal_authorities
This chapter shall be known as the “Trading with the enemy 11 So in original. Act.”
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** Notwithstanding any other provision of law, paragraphs (8), (9), (10), and (11) of section 11(e) of the Federal Deposit Insurance Act [[12 U.S.C. 1821(e)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1821/e&num=0&edition=prelim)] shall apply to an uninsured national bank or uninsured Federal branch or Federal agency, a corporation chartered under section 25A of the Federal Reserve Act [[12 U.S.C. 611](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section611&num=0&edition=prelim) et seq.], or an uninsured State member bank which operates, or operates as, a multilateral clearing organization pursuant to section 4422 11 See References in Text note below. of this title, except that for such purpose—
(1) any reference to the “Corporation as receiver” or “the receiver or the Corporation” shall refer to the receiver appointed by the Comptroller of the Currency in the case of an uninsured national bank or uninsured Federal branch or agency, or to the receiver appointed by the Board of Governors of the Federal Reserve System in the case of a corporation chartered under section 25A of the Federal Reserve Act [[12 U.S.C. 611](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section611&num=0&edition=prelim) et seq.] or an uninsured State member bank;
(2) any reference to the “Corporation” (other than in section 11(e)(8)(D) of such Act [[12 U.S.C. 1821(e)(8)(D)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1821/e/8/D&num=0&edition=prelim)]), the “Corporation, whether acting as such or as conservator or receiver”, a “receiver”, or a “conservator” shall refer to the receiver or conservator appointed by the Comptroller of the Currency in the case of an uninsured
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 4406a
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Federal law — U.S. Code and appendices · legal_authorities
Page 1637
TITLE 12—BANKS AND BANKING
§ 4407
1 See References in Text note below.
bank or uninsured Federal branch or Federal
agency, a corporation chartered under section
25A of the Federal Reserve Act [12 U.S.C. 611 et
seq.], or an uninsured State member bank which
operates, or operates as, a multilateral clearing
organization pursuant to section 4422 1 of this
title, except that for such purpose—
(1) any reference to the ‘‘Corporation as re-
ceiver’’ or ‘‘the receiver or the Corporation’’
shall refer to the receiver appointed by the
Comptroller of the Currency in the case of an
uninsured national bank or uninsured Federal
branch or agency, or to the receiver appointed
by the Board of Governors of the Federal Re-
serve System in the case of a corporation
chartered under section 25A of the Federal Re-
serve Act [12 U.S.C. 611 et seq.] or an unin-
sured State member bank;
(2) any reference to the ‘‘Corporation’’
(other than in section 11(e)(8)(D) of such Act
[12 U.S.C. 1821(e)(8)(D)]), the ‘‘Corporation,
whether acting as such or as conservator or re-
ceiver’’, a ‘‘receiver’’, or a ‘‘conservator’’ shall
refer to the receiver or conservator appointed
by the Comptroller of the Currency in the case
of an uninsured national bank or uninsured
Federal branch or agency, or to the receiver or
conservator appointed by the Board of Gov-
ernors of the Federal Reserve System in the
case of a corporation chartered under section
25A of the Federal Reserve Act [12 U.S.C. 611 et
seq.] or an uninsured State member bank; and
(3) any reference to an ‘‘insured depository
institution’’ or ‘‘depository institution’’ shall
refer to an uninsured national bank, an unin-
sured Federal branch or Federal agency, a cor-
poration chartered under section 25A of the
Federal
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 4407
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Federal law — U.S. Code and appendices · legal_authorities
Page 151
TITLE 50—WAR AND NATIONAL DEFENSE
§ 1701
CHAPTER 35—INTERNATIONAL EMERGENCY
ECONOMIC POWERS
Sec.
1701.
Unusual and extraordinary threat; declara-
tion of national emergency; exercise of
Presidential authorities.
1702.
Presidential authorities.
1703.
Consultation and reports.
1704.
Authority to issue regulations.
1705.
Penalties.
1706.
Savings provisions.
1707.
Multinational economic embargoes against
governments in armed conflict with the
United States.
1708.
Actions to address economic or industrial es-
pionage in cyberspace.
1709.
Imposition of sanctions with respect to theft
of trade secrets of United States persons.
1710.
Confronting asymmetric and malicious cyber
activities.
§ 1701. Unusual and extraordinary threat; dec-
laration of national emergency; exercise of
Presidential authorities
(a) Any authority granted to the President by
section 1702 of this title may be exercised to deal
with any unusual and extraordinary threat,
which has its source in whole or substantial part
outside the United States, to the national secu-
rity, foreign policy, or economy of the United
States, if the President declares a national
emergency with respect to such threat.
(b) The authorities granted to the President
by section 1702 of this title may only be exer-
cised to deal with an unusual and extraordinary
threat with respect to which a national emer-
gency has been declared for purposes of this
chapter and may not be exercised for any other
purpose. Any exercise of such authorities to deal
with any new threat shall be based on a new dec-
laration of national emergency which must be
with respect to such threat.
(Pub. L. 95–223, title II, § 202, Dec. 28, 1977, 91
Stat. 1626.)
Statutory Notes and Related Subsidiaries
SHORT TITLE
Source: Supplied 2024 U.S. Code historical extraction · 50 U.S.C. § 1701
Stored review status: historical_2024_not_currentness_verified. The source passage cites 50 U.S.C. § 1701. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 1055
TITLE 50—WAR AND NATIONAL DEFENSE
§ 4302
1 So in original.
Sec.
4311.
Importations prohibited.
4312.
Property transferred to Alien Property Custo-
dian.
4313.
Statements by masters of vessels and owners
of cargoes before granting clearances.
4314.
False manifest; refusal of clearance; reports
of gold or silver coin in cargoes for export.
4315.
Offenses; punishment; forfeitures of property.
4316.
Rules by district courts; appeals.
4317.
Fees of agents, attorneys, or representatives.
4318.
Claims of naturalized citizens as affected by
expatriation.
4319.
Fugitives from justice barred from recovery.
4320.
Payment of income, etc., by Alien Property
Custodian.
4321.
Payment of taxes and expenses by Alien Prop-
erty Custodian.
4322.
Investments by Custodian in participating
certificates issued by Secretary of the
Treasury; transfers to and payments from
German, Austrian or Hungarian special de-
posit accounts; allocation of payments.
4323.
Allocation of ‘‘unallocated interest fund’’.
4324.
Return by Custodian, to United States, of
payments under licenses, assignments or
sales of patents.
4325.
‘‘Unallocated interest fund’’ defined.
4326.
Waiver by Custodian of demand for property;
acceptance of less amount; approval of At-
torney General.
4327.
Attachment or garnishment of funds or prop-
erty held by Custodian.
4328.
‘‘Member of the former ruling family’’ de-
fined.
4329.
Return of property.
4330.
Notice of claim; institution of suits; com-
putation of time.
4331.
Payment of debts.
4332.
Hearings on claims; rules and regulations;
delegation of powers.
4333.
Taxes.
4334.
Insurance of property.
4335.
Shipment of relief supplies; definitions.
4336.
Retention of properties or interests of Ger-
many and Japa
Source: Supplied 2024 U.S. Code historical extraction · 50 U.S.C. § 4301
Stored review status: historical_2024_not_currentness_verified. The source passage cites 50 U.S.C. § 4301. This identifies an authority to review, not proof of applicability.